We have reached the end of the 9-11 era,says Ian Bremmer,President of the eminent consultancy Eurasia Group.This has resulted in the conflation of economics and politics.Geopolitics are being driven by economics now.
In the developed world,investors are concerned about what politicians will do.It means that all of the risks that are out there create a backdrop of hesitancy to take risks.The fragmentation of Europe isn't going to happen,however.There's a big leadership transition,and the currency issue is not a big risk.Indigenous innovation could have a negative impact on U.S. multinational corporations.
The surprises this year are on the good front.The global elections aren't as big a deal as some of the instability we're looking at,Mr.Bremmer pointed out.
Presidential elections are being held in the U.S.,France and Russia in 2012.
Eurasia Group is a political risk consultancy.It has a network of about 480 experts on its staff in 65 countries.Its full time staff of 125 works from offices in New York,Washington,London and Tokyo.Most of the staff have advanced degrees.