""Canadians know that our old, comfortable assumption that our geography and alliance memberships automatically conferred prosperity and security is no longer valid," Carney said. As it grapples with this new dynamic, Carney said Canada must be "principled and pragmatic" and turn inward to build up the country and diversify trading relationships to become less reliant on countries like the U.S., now that it's clear "integration" can lead to "subordination.""
"Carney said multilateralism and the "architecture of collective problem-solving" relying on institutions like the World Trade Organization, the United Nations and Conference of the Parties (COP) for climate talks has been "diminished" and countries have to accept they may have to go it alone more often than in the recent past."
""Many countries are drawing the same conclusions. They must develop greater strategic autonomy: in energy, food, critical minerals, in finance and supply chains. "A country that cannot feed itself, fuel itself or defend itself has few options. When the rules no longer protect you, you must protect yourself," Carney said."
The longstanding U.S.-led rules-based international order is over and great powers are using economic integration as leverage and coercion. Middle powers face increased risk of subordination when integration becomes a tool of dominance. Reliance on geography and alliance membership no longer guarantees prosperity or security. Countries must pursue principled pragmatism, strengthen domestic capacity, and diversify trading relationships to reduce dependence on single partners. Multilateral institutions and collective problem-solving architectures have been diminished, increasing the likelihood that states must develop strategic autonomy in energy, food, critical minerals, finance and supply chains and sometimes act alone.
Read at www.cbc.ca
Unable to calculate read time
Collection
[
|
...
]