The world is undergoing a profound transformation that is affecting numerous areas of politics, the economy, and trade. As in any period of significant change, situations become volatile, so it is more important than ever to stay informed about the key forces driving this transformation.

To help us navigate this new reality, we organized a webinar in which Jorge Sahd, director of the Center for International Studies at the Pontifical Catholic University of Chile, addressed the key issues that are transforming the world.

The first is the shift in the balance of power we are currently experiencing, as globalization loses momentum. Trade relations are now subject to conditions, due to the climate crisis, national security factors, and the push for trade among allies, Sahd noted.

The developments in the war in Ukraine, which, following the brief rebellion by Wagner Group mercenaries in late June, has entered a new phase that raises many questions about how the situation will unfold.

The rivalry between the United States and China, which involves a clear confrontation on the technological and military fronts but is marked by significant economic interdependence. Key issues to watch include the elections to be held next year in the United States and Taiwan, against a backdrop in which doubts are beginning to arise as to whether China is nearing the peak of its expansion.

The evolution of the European Union, which appears to be moving toward a position of strategic autonomy.

And finally, the political risk in Latin America. There is much talk of the “pink tide” in light of the left-wing governments now in power in the region’s major economies, but, says Sahd, what we’ve seen in recent years is a pendulum-like swing in voter attitudes—who, rather than choosing an ideology, vote to oppose the incumbent government. The result? Political volatility and shorter economic cycles.

You can watch the full webinar here.