The age of Western economic dominance is all but over, according to a recent Griffith University seminar on the impact of the rise of nationalism and populism around the globe.
Speaking ahead of the Business As Usual? event – held by the Griffith Asia Institute (GAI) at the university’s South Bank campus this month and featuring contributions from Professor Sara McGaughey and Adjunct Professor Clinton Dines – Hitosubashi University Associate Professor Jesper Edman explained the risks and opportunities facing multinational firms operating in an increasingly inwardly focused world.
“These are trends that are not really going away,” Associate Professor Edman said. “This is not just about Trump or Brexit or Xi Jinping; these are long-term trends that companies have to deal with.
“The obvious risks can be dealt with easily. The more uncertain ones are what it does with sudden changes – whether sudden sanctions or companies cutting off trade or exports of