Populism has led to a heavy nationalistic tone being taken in the political climate in a growing number of countries internationally since the 2008 Great Recession. Trade has becoming increasingly divisive, with trade wars, sanctions, and technological decoupling, such as the 5G Huawei US-China standoff, becoming increasingly common. With a global pandemic in 2020 this picture has become in some ways even more strained, re-shoring is becoming increasingly common, with 80% of multinationals planning to repatriated at least part of their production infrastructure. Cooperation is taking a hit too, as the US has spoken of cutting funding for the World Health Organisation. Current trends seem to be threatening the very existence of regional cooperative governance organisations such as the EU, and even global organisations such as the UN, while trade will be increasingly sluggish under a looming recession.