In such a "fractured" world, companies are reviewing the security of their overseas assets.

During the golden age of globalization, the gold standard was 100% ownership of investments abroad. They would allow complete control of the strategy, global coordination of the value chain, and intellectual property protection.

However, the new age of globalization implies that assets abroad can be threatened by geopolitical conflicts, political interference or growing economic nationalism, also in the home country.

Companies need thus to assess the vulnerability of some investments. The most extreme case will mean exiting a country or selling to a local partner. Otherwise, joint ventures and other forms of partnership can be investigated. In the end, some barter activities could be resurrected.