The battles of global power play out in parliaments, news conferences and summits. But their effects touch us all, often in ways that aren’t immediately apparent. From the price of bread to the safety of our neighbourhoods, geopolitical tensions can have profound implications for everyday life.
The ongoing trade war between the US and China, for example, is reshaping global supply chains, increasing instability, and forcing businesses to rethink their investment plans. The race for energy supremacy is also reshaping the landscape, with nations competing for control of critical natural resources, access to vital technology components, and the key trade routes that facilitate energy production and transportation. Meanwhile, climate change continues to drive a reshaping of energy geopolitics and global trade patterns.
For ordinary people, the impact of these tensions can be felt most acutely in the price of essential goods and services. The conflict in oil-producing countries raises petrol prices, while currency instability makes it harder to afford basic groceries. The reshaping of world trade patterns and the rise of disruptive technologies are reshaping job markets, too, with young graduates finding it harder to find opportunities, while established professionals face uncertainty as their employers relocate or reduce operations.
Living in a state of permanent tension takes its toll on individuals and communities, with high levels of stress contributing to mental health issues. Constant news of wars, sanctions and rivalries contributes to the sense of disconnection and anxiety that many feel.