Teece $(2022$: $505)$ suggests that: $$The divergent global order means that strategy formulation by MNE $[$multinational enterprise$]$ management needs to become more broadly based$$broader even than what is typically thought of as stakeholder value. It is not enough to simply account for firm$-$specific political risk.$$

$($a$)$ Discuss the nature, extent and causes of deglobalisation and divergence in the global order. $(10$ marks$)$

$($b$)$ Critically evaluate the consequences of deglobalisation for international business strategy. $(10$ marks$)$