Hyundai’s crash into the India-Pakistan skirmish is just one example of the problems multinational companies face in this age
shared by a Pakistani partner of Hyundai has underlined how easily multinational companies can get entangled in a geopolitical storm.
This isn’t a one-off event. It has become increasingly challenging for multinational companies to manoeuvre around geopolitical tensions in recent years. Chinese telecom equipment maker Huawei is seen as a victim of China-US trade dispute. The privately-owned Chinese telecom giant faces multiple legal challenges in the United States.
Few rifts are as enduring and global in nature as Israel-Palestine — and the companies which come in between end up paying a high price. “A US company investing in Ghana, for instance, needs to understand not just America’s foreign policy toward Ghana and Ghana’s internal politics but also Chinese policy toward Ghana, given Beijing’s commercial clout there,” wrote John Chipman, the CEO of International Institute for Strategic Studies in an influential 2016After a deadly 2020 border clash between Indian and Chinese soldiers, New Delhi launched a crackdown on dozens of Chinese tech firms including WeChat, UC Browser and...
Since 2014, when Russia annexed Crimea from Ukraine, the US has imposed a series of sanctions on Russian businesses and officials, making it risky for foreign companies to operate there.
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