Geopolitical alignment scores in the Political Risk Index were assigned by independent experts from the Oxford Analytica global network, while the countries and territories included in the index were selected based on foreign investment volumes and levels of political risk. .
INSERT WTW OXFORD ANALYTICA POLITICAL RISK INDEX – GEOPOLITICAL ALIGNMENT PHOTO
WTW and Oxford Analytica found that
- Top 25 economies leaned west, toward the US, Europe, or both
- 18 leaned east, opposing Western powers on key political issues, and
- 18 were trying to remain neutral.
Overall, the Western Bloc has lost much of its influence in all regions of the world compared to five years ago, when the WTW Political Risk Index counted up to 30 countries in the Western Bloc and 13 of these were considered “strongly allied.” “of the West. .
WTW and Oxford Analytica now found that only six countries or territories in the index qualified as ‘strong Western allies’. These included Jordan, Mexico, Qatar, and Taiwan. On the other hand, seven countries or territories qualified as “strongly eastern”, including China, Russia, Mali, Myanmar and Belarus.
“The findings suggest that countries like Turkey, Saudi Arabia, Pakistan, Cameroon and Uganda are becoming ‘misaligned’ with the West,” said WTW director of political risk analysis Sam Wilkin. “The diminishing influence of the West in the emerging world will create even more risks for globalized businesses.”
WTW and Oxford Analytica political risk index also found that countries that had begun to lean east from an originally neutral or western stance in the last five years also faced higher risks of expropriation (7%) and experienced fewer political rights (-10%) and less economic freedom ( -4 %). ) during the same period.
Countries that had simply “misaligned” with the West also experienced the same trends in those three key risk indicators. WTW attributed these rising risks to the waning influence of the US and its allies.
