The black swan VUCA has arrived

Jonathan Pain  |  The Pain Report  |  18 February 2020  |  0.25 CE

The fall of the Berlin Wall in 1989 saw an acceleration in the economic integration between nations across the world. Globalisation is now, however, in reverse as we witness a rise in economic nationalism and the great decoupling between America and China. The coronavirus may well, in time, be seen as the ‘black swan’ event that amplified all the increasing vulnerabilities in the global economic system, as well as accelerating the process of deglobalisation that began in 2016. Each crisis is different and this one is very, very different. Today, China alone accounts for a third of the gr...

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