Geopolitics has been a crucial driver of globalization and growth throughout history, a fact that has often been overlooked by international business scholars who have traditionally viewed globalization as an open opportunity for all capable firms and supportive governments. However, historical patterns show that modern globalization has thrived under unequal power regimes, with the dominance of Britain and later the United States, which facilitated global economic integration through initiatives like the Marshall Plan and support for countries like South Korea to counterbalance influences from Russia and China. This historical context highlights that opportunities for globalization and growth have been unevenly distributed, often favoring geopolitical allies of dominant powers. Recent empirical studies suggest that sustained growth is less about liberal trade policies and more about how states align their policies with the interests of multinational enterprises (MNEs), with the domestic political economy being significantly shaped by geopolitics. The paper discusses the implications of these dynamics for developing countries choosing geopolitical alliances, the impact of techno-nationalism, and the challenges posed by China's rise as a new global power. This backdrop sets the stage for a panel discussion among leading scholars to explore the evolving relationship between geopolitics and international business.