• About
  • Offices
  • Careers
  • News
  • Students
  • Alumni
  • Payments
  • FR
Background Image
Bennett Jones Logo
  • People
  • Expertise
  • Knowledge
  • Search
  • FR Menu
  • Search Mobile
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
View all
Practices
Corporate Litigation Regulatory Tax View all
Industries
Capital Projects Energy Funds & Finance Mining View all
Advisory
Crisis & Risk Management ESG Strategy and Solutions Governmental Affairs & Public Policy
View Client Work
International Experience
Insights News Events
New Energy Economy Series Business Law Talks Podcast Economic Outlook
ESG & the CIO Subscribe
People
Practices
Industries
Advisory Services
Client Work
About
Offices
News
Careers
Insights
Law Students
Events
Search
Alumni
Payments
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
 
Blog

Eurasia Group’s Top Risks 2018: Impacts for Canadian Business

January 05, 2018

Written By Hon. John R. Baird P.C.

The Eurasia Group has released its annual forecast of the political risks that are most likely to play out over the course of 2018. As a Senior Advisor with Eurasia Group, I’m pleased to share the risks that have the greatest potential impacts on Canadian businesses.

China

The 19th Party Congress marked a turning point in China’s contemporary history. President Xi Jinping is the strongest Chinese president since Mao Zedong and the country’s political model is now perceived as stronger than it has ever been.

China is setting international standards in areas such as trade, investment and technology. As it does, the global business environment will have to adapt to a whole new set of rules, standards, and practices pushed by China. These diverging regulatory environments will raise the cost of doing business.

Cyberattacks

The threat of cyberattacks comes both from states (Russia, China, North Korea) and non-state actors (such as Anonymous). Their capacity to wreak havoc is rapidly growing. The prospect today of an economy-shaking cyberattack is real—via the destruction of a critical piece of infrastructure or through forced transparency that cripples the credibility of a leading corporation, bank, or marketplace. Even a takedown of the internet itself is possible (several states have reportedly probed the resilience of the internet’s backbone infrastructure).

Trade

Risks exist on several fronts. The outcome of NAFTA renegotiations carries significant market risk for Canada and Mexico. Brexit negotiations between the UK and EU will continue to be difficult politically and uncertain over trade. Protectionism has made a comeback around the world, with walls going up, as well as other new and less visible barriers. This new protectionism will be forced to coexist with a continuing push for regional free trade agreements, and the global regulatory environment will become more complex and contradictory.

The Erosion of Institutions

In many countries in the developed world, popular trust in political institutions has declined steeply. Some of the antiestablishment sentiment is increasingly toxic and is starting to erode the legitimacy of institutions in established democracies. Weakened institutions heighten unpredictability in policymaking, and risk structural instability in the global system. Traditional state-based international relations will also become more and more unstable.

Read the Top Risks 2018, written by Eurasia Group’s President, Ian Bremmer, and Chairman, Cliff Kupchan. Eurasia Group is devoted exclusively to helping investors and business decision-makers understand the impact of politics on the risks and opportunities in foreign markets.

Download PDF

Author

  • Hon. John R. Baird P.C. Hon. John R. Baird P.C., Senior Business Advisor

Our Managing Partners on Workplaces Where Women Thrive

Related Links

  • Insights
  • Media
  • Subscribe

Recent Posts

Blog

Force Majeure Clauses and COVID-19 Pandemic Impacts—An [...]

March 24, 2023
       

Blog

Canada's Underused Housing Tax: What You Need to Know Before May 1, 2023

March 23, 2023
       

Blog

Canadian Securities Regulators Announce Increased [...]

March 23, 2023
       

Blog

Unpaid Municipal Taxes Will Impact New AER Licences and Licence Transfers

March 22, 2023
       

Blog

Application of Statutory Bar to Workplace Bullying and Harassment Claims

March 20, 2023
       
Bennett Jones Centennial Footer
Bennett Jones Centennial Footer
About
  • Leadership
  • Diversity
  • Community
  • Innovation
  • Security
  • History
Offices
  • Calgary
  • Edmonton
  • Montréal
  • Ottawa
  • Toronto
  • Vancouver
  • New York
Connect
  • Insights
  • News
  • Events
  • Careers
  • Students
  • Alumni
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
© Bennett Jones LLP 2023. All rights reserved.
  • Privacy Policy
  • Disclaimer
  • Terms of Use
Logo Bennett Jones