European Union
The European Union’s ambitious attempt to re-regulate the financial industry (MiFID II) took effect this year. Companies are struggling to meet its complex disclosure requirements, which can only be met by powerful and costly IT solutions. Early experience suggests MiFID II is so unworkable that it may soon have to be replaced; but the bigger worry is that it may be the precursor of a real-time, global surveillance apparatus.
North America
The United States is increasing its engagement with the Western Balkans on issues including security, energy and good governance. The administration is trying to reduce instability in the region, improve economic development and counter outside influence from countries like Russia and China. If these efforts are successful, U.S. capital investment will increase and the Balkans will move closer toward NATO membership.
Russia & Central Asia
Russia is making a big push for closer ties with African countries. It aims to gain access to energy resources and in return offers military support and arms sales. Its goals are not only economic, however. It wants to show its people and the world that it is still a global power, as well as challenge the U.S., Europe and China as they make their own inroads on the continent.
Recommended Reports
Free reports
The sense and nonsense of economic sanctions