Global triggers: why these five big issues could cause significant problems in 2024
José Caballero Jose Caballero , International Institute for Management Development (IMD) The tensions between the US and China made the global economy shudder in 2023. The ramifications of the Ukrainian war echoed beyond the country’s border. In Africa, the coup d’état in Niger and Gabon contributed to the global democratic retreat of recent years and the Hamas/Israel conflict has so far resulted in thousands of deaths . Such trends of global power tensions, open war, democratic decline and extreme job market fluctuations are likely to continue in 2024. With this in mind, here are five global geopolitical and economic trends to watch out for. Power shifts As the Brics (Brazil, Russia, India, China, South Africa) organisation expands to include Egypt, Ethiopia, Iran, Saudi Arabia and the UAE, its growing economic influence could dramatically change the global balance of power. From January 2024 , Brics will represent about 46.5% of the world’s population, US$30.8 trillion...