Morgan Stanley: Mapping the New Multipolar World Order

Geopolitical tensions—coupled with the COVID-19 pandemic—have contributed to deglobalization, setting the scene for a broader world order: multipolarity.

 
In 2019, Morgan Stanley Research outlined how secular trends and trade tensions were, together, slowing globalization and potentially reversing it, in a concept that’s been referred to “slowbalization.”

One year later, this idea of slowbalization is no longer theoretical. Geopolitical tensions—coupled with the COVID-19 pandemic—have contributed to, and been exacerbated by, an about-face in globalization. This trend could pave the way for a new economic dynamic called multipolarity, which would have significant impact on global business strategy and the investment landscape.

“In a multipolar economic world, we’ll see groups of nations with enough influence and incentive to pursue economic strategies that, if achieved, do not substantially follow the same direction of other global power centers,” says Michael Zezas, Head of U.S. Public Policy Research.

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Πηγή: morganstanley.com