Lawyers, HR leaders and employers must pivot as conflict, populism and trade wars conspire to create a new era of economic uncertainty.
A new report from the International Bar Association’s Global Employment Institute (GEI), titled Global War, Global Trade: a Global Employment Institute Perspective, delivers a timely analysis of how conflict, geopolitical change and climate disruption are reshaping world commerce and employment. As economies adjust to this rapid global transformation, the report underlines how systemic strains on trade, workforces and national regulatory environments are putting new pressures on legal and HR professionals worldwide. The GEI frames its report against recent global flashpoints: the war in Ukraine, the conflict in Gaza, rising nationalism, migration flows, climate imperatives, technology disruption and trade friction between major powers, exploring “how sociopolitical events […] are influencing economic activity and organisational cultures across sectors worldwide”.
Introducing the report, its author and GEI Council Officer Philip Berkowitz noted: “As lawyers and human resource professionals, it is crucial to regularly assess the impact of global conflicts. Rising migration flows, sanctions and tariffs are creating economic and social disorder that will likely persist for many years.”
One core theme centres on trade wars, particularly between the US and China, and the US and EU. These disputes are inflicting rising costs, inflationary...
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