Global events are significant occurrences with far-reaching implications that can affect international relations, economies and cultures. They can take the form of wars, economic crises, pandemics and natural disasters. As a result of the processes that have created globalisation, such as the increase in trade, communication and migration between nations, these events can have global impacts and effects on a wide range of societies.
This article explores three examples of global events: the impact of a pandemic (such as the Plague, influenza and COVID-19), climate change and natural disasters. By utilising these and other past and present examples, the article reveals that whilst it is true that globalisation and global events affect many, if not all, places, it also highlights that the extent of their impact upon these different locations is not equal, unveiling a limitation of this statement.
As the world becomes more interconnected, the risk of disruption from global events continues to grow. Whether it is a supply chain bottleneck, a geopolitical conflict or an environmental catastrophe, such events can cause financial chaos and wipe billions off corporate balance sheets. Luckily, with the right tools, businesses can identify and react to these risks before they hit.