International - Interculturel - Langues

04210231 - Geopolitics

Niveau de diplôme Master - Semestre 1
Crédits ECTS 3
Volume horaire total 21
Volume horaire CM 21


Formations dont fait partie ce cours


This course is an introduction to the fundamentals of the geopolitics in the business context. Business is in the mist of the current geopolitical transformation, so the first objective of this course is to give to participants a broad perspective on the major geopolitical changes in progress, likely to impact corporate activities. Notably:

  • The changing International environment with geopolitical risks on the rise;
  • The gradual displacement of the economic and political center of gravity; from developed countries to emerging countries;
  • The consequences of the geopolitical reshuffling due to the COVID 19 pandemic crisis…

The second objective of the course is to offer participants a methodology for an efficient Geopolitical Risk Analysis allowing them to identify, assess, anticipate and manage difficulties to which their company could be affected in their international activities.

On completion of this module, students will be able to:

  • Understand the changing nature of global geopolitics and its impact on corporate business environment and activities.
  • Assess the impact of geopolitics events on strategic decisions of the firm.
  • Providing an insight on corporate’s operation and management practices to handle geopolitical risks.


1-Corporate’s New Geopolitical Environment
Globalisation / Regionalisation; Displacement of the economic center of gravity towards Asia
Disruptions from rising China and rising rivalry with the US
New actors: Emerging countries and their multinationals (EMMNEs).
The new trade realities: South/South trade – Trade war / geopoliticization of trade; Trade regulation; Trade policies; Trade agreements
The Financialization of the global economy and the decline of the western financial dominance
The rise of the new Multinational corporations (the big tech)
The global Demographic chalenges

2 -Corporate’s Aims / Objectives in New Geopolitical Environment
Access to global markets
Access to raw material
Access to global capital
Access to manpower and competencies
Access to data and information

3-Corporate’s Geopolitics Risks
The Global Risks Landscape
Main Geopolitical risk facing corporates:
Supply chains risks
War / Civil wars / Social Unrest
Sanctions / embargo
Populism and nationalism
Protectionism and trade wars
Environmental crisis

4- The Geopolitical contours of a post-COVID-19 world
Will COVID-19 Kill Globalization?
A sharpening of rivalry between Great powers?
A further shift in the global balance of power at the profit of China?
A diminished US's global leadership?
A weakened EU emerging from the crisis?
An eroding credibility of organizations like the WHO and further weakening of multilateralism in global governance?
A potential revival of economic nationalism and political populism leading to a transition in greater government control, or/and change in a nation-state’s economic preferences?

5-Corporate’s Geopolitics Management Means / Tools
Global risk management culture and strategies
Corporate Diplomacy; Lobbying; Corporate Social Responsibility (CSR)…
Corporate Intelligence
Country risk assessment and management
Cyber Security


  1. Ian Bremmer, Preston Keat, The Fat Tail: The Power of Political Knowledge in an Uncertain World, New York, Oxford University Press, 2010.
  2. Munoz Joseph Mark S, Handbook on the Geopolitics of Business, Cheltenham, 2013.
  3. Thomas Friedman, The World is flat: A Brief History of the Twenty-First Century, New York, Farrar, Straus and Giroux, 2005.
  4. Sharma Ruchir, The Rise and Fall of Nations, W.W. Norton & Company, New York, 2016.
  5. Torben Juul Andersen ; Peter Winther Schrøder, Strategic Risk Management Practice: How to Deal Effectively with Major Corporate Exposures. (Cambridge University Press, 2010).

  1. “Global Development Horizons 2011; Multipolarity: The New Global Economy” World Bank.
  2. “Seven Challenges to Globalization”, 2015. World Economic Forum report.

  1. “Sharpening strategic risk management” by Armoghan Momammed ; Richard Sykes. (PWC, 2012).
  2. “Business strategies for emerging markets: Management, investment and opportunities” by David Levine. (EWMBA 257, Spring 2006).
  3. “Understanding Geo-economics and Strategy” – A New Era of Geo-economics: Assessing the Interplay of Economic and Political Risk, Sanjaya Baru, IISS Seminar 23-25 March, 2012.

Economic indicators: IMF
Economic indicators: OECD 
Country information 1
Country information 2
Corruption: Transparency International’s
Openness: Globalization index
Competitiveness: World Economic Forum: competitiveness ranking: ; IMD World Competitiveness yearbook
Regulatory framework: World Bank: « Doing Business »
Business conditions: World Bank: « Doing Business »
Corporate and sovereign governance: World Bank: « Doing Business »
Economic freedom: Heritage Foundation: Index of economic freedom; Fraser Institute

Country Risk
ODL (Ducroire)
BMCE trade

Contrôles des connaissances

Case studies (30%)
Oral presentation group work
Evaluated skill: Awareness of contemporary global geopolitical issues

Written individual assignment (70%)
Evaluated skill: Analysis competencies

Informations complémentaires

  • Lectures
  • Case studies
  • Group work
Each part of the course will illustrated by case studies.