Author:Markets are soaring, but divisions are deepening among citizens of both developed and developing countries.
Liberal democracy currently has less legitimacy than at any time since World War II, and the global order is unraveling. There has been plenty of turmoil in international politics over the past 20 years, but 2018 looks especially ripe for an unexpected crisis—the geopolitical equivalent of the 2008 financial meltdown.
The risk of a “geopolitical depression” forms the backdrop for the top 10 risks of 2018, according to the Euasia Group, the political risk consultancy I founded and oversee.
As usual, there are a few “red herrings,” or risks we think are less than meet the eye.
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