Geopolitical Tensions and Environmental Challenges Impacting

Emerging economies have increasingly benefitted in terms of growth, employment, capital formation and promotion of tradeby the forces of globalisation. Despite the benefits of globalisation, competitive pressures faced by businesses have aggravated and with the integration of world economies, most nations are vulnerable to economic, political, and social shocks. Notably, the interwoven nature of national economies has triggered a series of economic crises, touching USA, European countries, Asian economies, and many other developing countries. The fundamental message to be learnt is that any event in any country, no matter how localised in occurrence, has an impact in not just one nation itself, but somefavourableor unfavourable impact on other nations. So, in a globalised world, firms having significant global presence face the imperative to be watchful of such events and respond to them. Firms should assess the inter-dependency effect while making critical decisions.

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