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Business Diplomacy Today

Business Diplomacy Today

Written by: Dr. Matthias Catón
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Bringing international relations and geopolitics to the business world. Sponsored and presented by the Indo-German Centre for Business Excellence.Dr. Matthias Catón Economics Management Management & Leadership Political Science Politics & Government Science Social Sciences
Episodes
  • Asia’s New Trade Order: Strategic Implications for European Business
    May 28 2026
    In this episode, host Dr Matthias Catón welcomes Dr Deborah Elms to unravel the shifting ground of global trade and business diplomacy against a backdrop of accelerating geopolitical and economic disruption. Amidst a world in flux, the conversation focuses on how businesses, governments, and international organisations are grappling with uncertainty and seeking sustainable models amidst fragmentation. About the guest Dr Deborah Elms Dr Deborah Elms is a leading authority on Asia-Pacific trade policy and serves as Head of Trade Policy at the Hinrich Foundation in Singapore. She brings wide-ranging experience advising governments and international bodies, with prior roles including founder of the Asian Trade Centre, board member at the UNESCAP, and member of the World Economic Forum’s Trade and Investment Council. Her research and advocacy focus on connecting evidence-based insights with public understanding and policy design to promote sustainable, inclusive trade. Hinrich FoundationLinkedIn Key Topics Trade Policy in the Age of Disruption Dr Deborah Elms observes that although some companies acknowledge the rise of geopolitical risk, most remain unprepared for the depth of change overtaking global trade. She highlights the growing rupture between legacy systems and the “existential” questions now facing the international trading system, particularly in Asia where the pace and scale of transition are most keenly felt. Perceptions of Fairness and the Role of Policy Dr Deborah Elms revisits the economic doctrine of comparative advantage, noting that although free trade promises collective long-run benefits, short-term and sectoral dislocations can spark political backlash if not managed with sensitive and continuous government support. She underscores Singapore’s proactive approach to lifelong skills development as a model, while cautioning that much of the world has failed to address trade’s losers, leaving the field open to populist grievances and misattribution of job losses to trade rather than technology. Asia’s Collaborative Trade Momentum Despite a retreat from global mega-deals, Dr Deborah Elms spotlights Asia as a region still animated by openness, experimentation, and new frameworks for collaboration. She explains how export-led growth has transformed Asian societies, fuelling broad-based enthusiasm for trade and an appetite for both major pacts and targeted “mini-deals” between states, such as Singapore and New Zealand’s recent agreement on essential goods. Digital Trade and Data Governance Turning to digital trade, Dr Deborah Elms pushes back against narrow definitions, contending that nearly all economic activity has a digital component. She details regulatory challenges around data, especially in Europe, and illustrates how well-intentioned rules, if inflexible, risk stifling innovation, creating barriers for international business, and failing to keep pace with the speed of technological change. Looking Ahead: A Bold Prediction Asked to envision the global trading landscape in a decade, Dr Deborah Elms foresees a world that is “much more fragmented and much more expensive”, with businesses struggling under the escalating cost of complexity and partial decoupling. She emphasises the need for adaptability as firms and countries confront this new era yet retains hope that such challenges will eventually prod leaders back towards multilateralism. Executive Briefing – what you should read now Hinrich Foundation Newsletter: A weekly digest of research and commentary on global trade trends, with a strong Asia-Pacific perspective.Global Trade Alert: Data-driven analysis illuminating the real impact of tariffs, subsidies, and trade interventions, especially on hot-button issues such as overcapacity in China.Geopolitical Dispatch: A succinct, business-oriented bulletin distilling the most pressing global developments relevant to business, modelled on the best practice of leader briefings. Conclusion This episode underscores the profound recalibration now reshaping global trade, business diplomacy, and corporate strategy. For decision makers coping with uncertainty and disruption, the signal message is clear: Engagement, adaptability, and cooperation remain vital to navigating the complex world ahead.Explore more episodes and expert resources at Business Diplomacy Today.
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    1 hr
  • Africa’s Economic Rise: Opportunities and Lessons for German Business
    Apr 23 2026
    In this episode, host Dr Matthias Catón is joined by Dr Tevin Tafese, development economist and research fellow at the German Institute for Global and Area Studies (GIGA), to assess the dynamic economic landscape of Africa and its meaning for international business. Together they unpack the continent’s diversity, growth prospects, and innovation potential, as well as the misconceptions and opportunities that shape external engagement. About the guest Dr Tevin Tafese Dr Tevin Tafese is a development economist and Research Fellow at the GIGA Institute for African Affairs in Hamburg, where he is part of the research programme “Globalisation and Development”. His research examines economic development in the Global South, especially in Africa, with a focus on trade, foreign direct investment, labour markets, and structural change. A growing part of his work explores how digital transformation and Africa’s emerging technology sector are creating new opportunities, challenges, and lessons for employment and economic development on the continent. Beyond his academic research, Dr. Tafese contributes to evidence-based policy advice and regularly engages wider audiences through public speaking. He holds a PhD in Economics from the University of Göttingen. WebsiteLinkedIn Key Topics Africa’s Economic Diversity The conversation begins with a reality check: While Africa boasts strong headline growth rates and is projected to reach a combined economic output of $3.3 trillion this year, Tevin Tafese emphasises the need to recognise deep differences across its 54 economies. He cautions against viewing Africa as a monolith, noting wide variations in growth drivers, sectoral development, and demographic trends. Challenging Stereotypes Tevin Tafese challenges persistent stereotypes about Africa, arguing that narratives which focus solely on poverty and instability risk overlooking a continent with vibrant innovation, booming economies and a surging young population expected to shape global demand for decades. Africa’s Industrialisation Challenge Examining the engines of growth, Tevin Tafese describes a landscape largely shaped by agriculture, minerals, and hydrocarbons, with conspicuously fewer countries engaging in export-oriented manufacturing. The discussion contrasts this path with the industrialisation journey of Asian tiger economies and explores whether Africa can or must move up the value chain through local processing and manufacturing. Africa’s Rising Tech Hubs The discussion highlights Africa’s fast-evolving tech scene, punctuated by the rise of venture capital investment and a wave of startups transforming sectors like fintech, health, mobility, and energy. Innovations such as mobile money have “leapfrogged” legacy systems, bypassing developmental bottlenecks faced elsewhere. Tevin Tafese points to major tech hubs in Kenya, Nigeria, South Africa, and Egypt as evidence of continental dynamism. Looking Ahead: Bold Predictions Looking ahead, Tevin Tafese predicts a diverse future for African economies. Some countries, leveraging reforms, resources, and entrepreneurial energy, will rise as central players in global industries. However, others may struggle with instability or governance challenges. Ultimately, Africa’s future will be shaped by its ability to harness youth potential, integrate markets and negotiate smart partnerships within a shifting geopolitical order. Executive Briefing – what you should read now “The future of Africa will be shaped by investment rather than aid”, The EconomistVoxDev Blog Series on Export-Oriented Development and Industrialisation – An accessible synthesis of research on how manufacturing and trade integration have historically driven prosperity, offering critical insights for Africa’s evolving development models. Conclusion This episode dispels the outdated image of Africa as merely a source of raw materials or international aid recipient. Instead, Tevin Tafese highlights a continent where demographic vibrancy, resource abundance, and business innovation converge, creating both promise and complexity for companies looking to invest or trade. The discussion urges business leaders to revisit Africa with greater nuance, attention to local realities, and boldness in recognising long-term market opportunities.
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    47 mins
  • Climate Change and Maritime Security
    Mar 26 2026

    This episode, presented by the German Maritime Centre, examines the profound interplay between climate change and maritime security within a shifting geopolitical landscape. The conversation uncovers how environmental pressures are increasingly influencing global trade, security policies, and industrial competitiveness, drawing on Dr. Kira Vinke’s extensive fieldwork and policy expertise.

    About the guest Dr. Kira Vinke

    Dr Kira Vinke is Deputy Research Director at the German Council on Foreign Relations (DGAP) and Head of the Centre for Climate and Foreign Policy. With nearly a decade’s experience at the Potsdam Institute for Climate Impact Research, she has also advised Germany’s International Development Agency and the Asian Development Bank. Her research includes fieldwork in South Asia, the Pacific, and the Sahel – regions especially vulnerable to climate stress. Dr Vinke serves on Germany’s Federal Academy for Security Policy advisory board and contributes to various humanitarian and climate-focused organisations. Her recent work bridges rigorous science and policy at the nexus of climate and security.

    Key Topics The Climate-Geopolitics Intersection

    The episode explores how climate change and geopolitics have become inseparable, with climate impacts eroding livelihoods and destabilising regions, particularly where governance is fragile. Dr Vinke explains how climate stress can widen societal divides, emphasising the importance of addressing these linked challenges.

    Climate Impacts on Global Maritime Infrastructure

    Attention turns to the maritime sphere, investigating how rising sea levels, extreme storms, and the melting Arctic sea ice affect trade routes, fisheries, and coastal communities. Dr Vinke notes that disruptions to essential chokepoints like the Panama and Suez Canals highlight the vulnerability of global supply chains.

    Will the IMO’s Climate Agenda Survive?

    The discussion critically addresses the IMO’s stalled emissions regulations, examining the geopolitical pushback led by the US and its implications for international cooperation. Dr Vinke warns that continued reliance on fossil fuels, especially amid American energy dominance, may jeopardise both economic stability and climate targets, while China’s surge in renewables shapes future competitiveness.

    Strategic Advice for Business Leaders

    Dr Vinke offers actionable advice to business leaders, urging them to consult regional climate projections and adopt scenario planning in order to bolster resilience amid ongoing uncertainty. She advocates staying committed to climate targets, warning that abandoning them provides only short-term relief at the cost of long-term competitiveness and societal risk.

    A Bold Prediction

    Looking ahead, Dr Vinke presents two scenarios for the next decade: one in which the world pivots towards climate neutrality, protecting vital systems despite inevitable losses, and an alternative future marked by irreversible environmental damage and societal upheaval. She maintains an optimistic outlook, believing that collective capacity and foresight can deliver positive outcomes if action is taken.

    Conclusion

    Ultimately, this episode demonstrates that business leaders cannot afford to ignore the entwined risks of climate change and geopolitics; the choices made now will define resilience, competitiveness, and global stability in years to come.

    Executive Briefing – what you should read now

    Memo Series: Global Reordering 2026 – A set of concise briefings from the DGAP addressing shifts across trade, strategic competition in science, and other sectors, capturing diverse expertise and timely insights.
    Disruption of Arctic Exceptionalism – A DGAP analysis of the pressures facing the Arctic, from geopolitical contestation to environmental change and resource exploration. Despite being published two years ago, its relevance endures as global stakes rise.

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    33 mins
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