Multinationals Need Closer Ties as Globalization Retreats

Global companies would do well to cultivate relationships in the countries where they operate to counterbalance increasingly powerful governments.

Quy Nguyen Huy, Caterina Moschieri, and Davide Ravasi

August 03, 2022

Globalization is in retreat, and multinationals are on the defensive. Across the world, countries rich and poor have erected trade barriers and set up outright export bans to cope with the pandemic and the war in Ukraine. In 2020, respirators, surgical gowns, medicines, and other lifesaving equipment were hard to come by. Two years later, it’s wheat, palm oil, beef, and other food products — and that’s not including other items related to the sanctions that nations have ...