In an increasingly unstable global context, marked by the return of power politics and growing political polarization, businesses and institutions must navigate fast-changing international dynamics. The comeback of Donald Trump on the U.S. political scene, ongoing trade wars, the redefinition of international alliances, the potential confrontation with China as a systemic alternative to the West, and the ongoing wars in Ukraine and the Middle East are all testing the resilience of global security and market stability.

During this session, participants will have the opportunity to explore the increasingly tight connection between geopolitics and strategic decision-making. Through scenario analysis, participants will be offered a framework to interpret the ongoing changes and understand Italy's role in the world.

In particular, the following will be explored:

• geoeconomics as a key to understanding global transformations
• the new U.S. era: state capitalism and relations with Europe
• the Pax Americana: European defense, wars in the Middle East, and the role of the Global South