What matters most for global business in 2019?

INTERNATIONAL businesses in 2019 will mourn the demise of the post-war liberal consensus because it was demonstrably good - for them.

Since the end of the Cold War, multinationals have massively increased their share of the global economy and now dominate global trade - around two-thirds of it, according to the United Nations - through global supply chains.

Multinationals often maintain traditional national associations but are predominantly stateless when it comes to assets and employees.