The COVID-19 pandemic has adversely affected international travel and also had an impact on globalisation. There are also increasingly serious global political issues emerging including; great power rivalry, renewed border disputes and other political tensions flaring up in different parts of the world.

Required:

a) From an institution-based perspective, how are national and international politics likely to influence future paths of globalization? (5 marks)

b) How should multi-national entities respond strategically if a "new cold war" emerges due to great power rivalry? (6 mar