The Economist (July 11)
The Prime Minister of Canada and the President of Finland jointly champion “values-based realism” and “ad hoc coalitions.” They believe “the world order built after 1945 is unravelling” and that “neither wishful multilateralism nor cold realpolitik” provides a sufficient alternative.” Together “Mark Carney and Alexander Stubb suggest a third way…. “We must form calibrated alliances, integrating deeply with those countries that share our values, and remain open-eyed with those that do not.”
Tags: 1945, Ad hoc coalitions, Alliances, Canada, Carney, Champion, Finland, Multilateralism, Open-eyed, President, Prime minister, Realpolitik, Stubb, Unravelling, Values-based realism, World order
The Guardian (June 26)
“Xi Jinping has hosted more than a dozen leaders this year, as ‘middle powers’ look beyond the US. China’s leader wants to promote his alternative to the current world order, and his efforts are being assisted by a capricious US.”
Tags: Alternative, Assisted, Capricious, China, Dozen leaders, Efforts, Hosted, Middle powers, U.S., World order, Xi
South China Morning Post (May 20)
“The end of the Cold War was supposed to deliver a long peace. For a while, that was working, until it wasn’t. We might now be entering another period when the breakdown of a world order leads to war.”
Tags: Breakdown, Cold war, End, Peace, World order
Fortune (April 14)
“President Donald Trump’s trade war with China could lead to the end of globalization. But it’s not a certainty that the U.S. will emerge as the victor in the new economic world order.” Goldman Sachs posits “the U.S. may find it’s more reliant on China than the other way around.” Chinese imports account for 14% of total U.S. imports. Meanwhile, U.S. exports to China make up only 6% of total Chinese imports. The U.S. is also highly dependent on $158 billion worth of Chinese imports, whereas China’s relies highly on the U.S. for only $14 billion worth of goods. In these cases, the highly dependent import goods account for 70% or more of the market.
Tags: $14 billion, $158 billion, China, Dependent, Economic, Globalization, Goldman Sachs, Goods, Imports, Market, Trade war, Trump, U.S., Victor, World order
Institutional Investors (June 11)
“When the U.K. secedes from the EU, it will abandon 70 years of globalization. It will turn away from a world order that increasingly relies on supranational institutions to check the power of extremely wealthy individuals and corporations like Apple and Facebook, with market capitalizations far bigger than the GDPs of most nations.” The potential consequences of Brexit leave many in the City of London feeling threatened, but there is “a coterie of hard-right, wealthy businessmen” who are delighted about “rolling back globalization to protect their positions of power — all in the name of populism.”
Tags: Brexit, Consequences, EU, GDP, Globalization, London, Market caps, Populism, Power, Supranational institutions, U.K., Wealthy businessmen, World order
Financial Times (May 28)
France, the UK, Japan and other “mid-sized powers must unite to preserve world order.” They “must join forces as the US and China become erratic.”
Tags: China, Erratic, France, Japan, Mid-sized powers, Preserve, U.S., UK, Unite, World order
