The Erosion of Globalization and Rule of Law

The world is experiencing significant volatility, as traditional rules of globalization and the rule of law are increasingly being challenged. This shift indicates a scenario where nations no longer adhere to a unified set of values, resulting in an uncertain playing field for businesses and investors. Examples like Venezuela and Hungary demonstrate how elections can lack fairness due to political influence over courts and institutions. This context of declining legal frameworks complicates global interactions, as countries pursue independent policies that could disregard established international laws.