Geoeconomic strategy for a state government
Client type
State government
Focus
International strategy | Economic diversification | Geopolitical risk management
Impact
Informed leadership strategy for resilient international engagement
CHALLENGE
Amid renewed great-power competition and economic volatility, a state government needed to refresh its country engagement strategy. Its export base was heavily dependent on one major market, now undergoing structural slowdown. Domestically, a policy towards this major trade power was also rapidly changing.
The challenge was to understand geopolitical and geoeconomic trends and risk factors to sustain economic growth, attract investment and expand trade, while aligning with national security settings and avoiding exposure to policy or reputational risks.
GRASP’S APPROACH
GRASP delivered a forward-looking strategic briefing that linked global economic and political trends with the state’s trade priorities. We analysed the intersection of:
Economic restructuring in the partner market - growth slowdown, demographic changes, and industrial policy.
Decarbonisation trends shaping trade and technology demand.
Geopolitical dynamics – major-power competition and its implications for Australia’s subnational actors.
We identified resilient opportunity areas - renewable energy, critical minerals, education, tourism and cultural diplomacy - and outlined a practical risk management and coordination approach with the Commonwealth.
IMPACT
The briefing became a foundation for the state’s highly successful official visit, and informed the government’s trade and diplomatic agenda.
GRASP’s insights helped state leaders to navigate complexity confidently, strengthening economic engagement while maintaining policy coherence and reputational integrity.
