Navigating Populism: A CEO’s Essential Playbook
In the current year, corporate leaders in the Western world are facing a challenging task of engaging with various political leaders due to the multitude of elections taking place across 80 countries, representing around 4 billion people. From India to Mexico, the democratic process is unfolding, with leaders like Narendra Modi and Claudia Sheinbaum expected to retain power. This dynamic political landscape has significant implications for businesses looking to diversify away from China.
While India and Mexico present promising opportunities for Western firms, there are concerns about the policies of leaders like Mr. Modi and Mr. López Obrador. Despite efforts to improve the business environment, challenges such as increased tariffs and favoritism towards domestic companies persist. Similarly, in Indonesia, the election of Prabowo Subianto has raised uncertainties for foreign businesses.
Closer to home, CEOs are closely monitoring the political landscape, with mixed feelings about leaders like Donald Trump and Joe Biden in the United States. The Brexit situation in the UK has also added to the uncertainty for businesses, as trade relations with the EU remain a point of contention.
2024-04-28 12:16:19
Link from Read more on The Economist
