Event report
Past Event - Government Affairs Club Roundtable: Strategic Risks in a Multipolar World
Throwback on the third session of our Government Affairs Club with Babak Tavassolie, Head Analyst Political Risk from SCOR. The discussion moved beyond theoretical shifts to address the immediate, volatile realities facing public affairs professionals today.
As the "unipolar era" fades, the room explored a world defined by strategic friction, economic statecraft, and a complex redistribution of global power.
Key takeaways included:
The War in Iran: While the broader economy remains stable, the conflict in Iran is a systemic "game-changer," destabilizing energy markets and forcing a shift toward fragmented financial risk assessments.
The US-Led Multipolarity: We are transitioning to a multipolar world, yet the US remains the dominant global force. This presents a theoretical opening for the EU, though internal disunity and "Middle Power" vulnerability remain significant hurdles.
Geopolitical Faultlines:
NATO Strains: Rising Israel-Turkey tensions raise critical questions about US loyalty to NATO allies versus regional partners.
Frozen and active Conflicts: Peace in Ukraine remains elusive, while a China-Taiwan conflict appears unlikely soon - barring a formal declaration of independence.
Trade & Tech Supremacy: Global trade is growing but uneven. US tariffs are now permanent fixtures, and the US-China relationship is defined entirely by the race for tech dominance. Corporates are actively diversifying to reduce US exposure.
2026 Signposts: The upcoming "Electoral Gauntlet"—including US Midterms and elections in France, Germany, Hungary, and Israel—will determine if the future holds deeper cooperation or further isolation.
For more information about the Government Affairs Club, please kindly contact Alexia Duvernoy at aduvernoy@fccsingapore.com
