Editor’s note: We have been monitoring “behind the scenes” the US Dollar Supremacy and the challenges it faces over the last couple of years. Indications show that it is now time to move towards strategic foresight analysis of the issue. This series results from this need and our in-depth analysis will constitute the building blocks for scenario […]
The world has entered a period where uncertainty rules and where surprises abound.
Focusing on 2016, the two major surprises usually singled out are the Brexit or the vote leading to the exit of the U.K. from the European Union, then the election of U.S. President Trump against favourite Democratic candidate Hillary Clinton. Even though a short-term focus could let us believe that the turmoil only or mainly hits “the West”, political and geopolitical surprises and uncertainties have multiplied worldwide, starting at least with the shock of the financial crisis in 2007 and 2008 and responses to it (see end note for some major instances*).
What is thus happening? How are we to tackle the uncertainty? Are these surprises related or discrete independent events that it would be wrong to link or try to understand together?
We shall start here with the 2016 surprises and related ongoing uncertainty, i.e. the Brexit and the U.S. Trump Presidency, and focus more particularly on the contradictions and questions that arise when we compare the two phenomena. We shall seek a framework for and elements of understanding, which can then be used in the development of scenarios for the future.
On 24 June 2016 morning, the U.K. announced the results of the referendum on the Brexit: 51.9% of the population voted to leave the EU against 48.1% wanting to remain, while the turnout reached 72,2% (BBC Referendum Results). This vote triggered among the media, financial and European political elite a “shock”, consternation, and a host of predictions of impending doom, while markets plunged worldwide (BBC News, “Brexit: What the world’s papers say“, 24 June 2016). It also set off a series of events and dynamics still unfolding nowadays with far-ranging consequences, globally, for the future. We shall use this real life case to further enhance our understanding of the way businesses and the corporate world relate to and especially anticipate or […]
Editorial – Beyond Ukraine, towards change in the world order? What if behind the tension in Ukraine and Crimea there was something more and larger at stake? What if it were not just one more serious international crisis, but also a moment when some underlying dynamics that were so far only hardly perceptible, or still in the making were crystallized and becoming quite obvious? It is most likely that it is indeed what is happening as underlined, for example, by Ivan Krastev in his article in Foreign Affairs, when he writes: “Russia’s aggression in Ukraine should not be understood as an opportunistic power grab. Rather, it is an attempt to politically, culturally, and militarily resist the West. Russia resorted to military […]
Horizon Scanning for National Security No92 – Global Experiment and Fog of Transition: Those two labels – the first borrowed from Paul Krugman’s now famous interview, and the second from Global Trends 2030, among others, itself adapted from von Clausewitz’s fog of war – seem to describe most aptly the current period, and the short (to medium?) term future.
2012 predictions (2) ZeroHedge, Globalization, The Decade Ahead, And Asymmetric Returns, 12/26/2011 ZeroHedge, Jim Rogers 2012 Outlook: Pessimism With Scattered Crises, 12/26/2011 Derek Abma on 2012 predictions by Douglas Porter, deputy chief economist with BMO Capital Markets, “Canada to avoid recession next year despite Europe,” The Vancouver Sun, Financial Post, December 26, 2011 Ryan Mauro, Top 12 Threats to Watch in 2012, Family Security Matters, December 27, 2011 Tony Karon, “If 2011 Was a Turbulent Year for Obama’s Foreign Policy, 2012 Looks Set to Be Worse,” (Survey of the top ten global crisis issues facing the U.S. in the new year), Time.com Global Spin, December 27, 2011. Moneycontrol bureau, “Keep your coats on! It’s going to be a stormy 2012,” (summary of financial and eco […]