Multinationals are facing a new era of globalization characterized by the polarized forces of cooperation and competition — a duality that makes for a messy business landscape. On the one hand, the global economic system is becoming increasingly integrated through trade and investment flows and digitization. On the other hand, the global political system is becoming more fragmented amid a backlash against the downside of globalization.
So how are these forces shaping policies in the key areas of trade and investment, tax, data privacy and security, and labor and human rights? And how can companies prepare for the next era of globalization?