"A new reality has set in, Carney said. Call it what it is: a system of intensifying great power rivalry where the most powerful pursue their interests using economic integration as coercion. In an apparent warning against efforts to appease major powers, Carney said countries like Canada can no longer hope that compliance will buy safety. It won't, he said."
"We are in the midst of a rupture, not a transition, Carney said. He noted that Canada had benefited from the old rules-based international order, including from American hegemony that helped provide public goods: open sea lanes, a stable financial system, collective security, and support for frameworks for resolving disputes. A new reality has set in, Carney said. Call it what it is: a system of intensifying great power rivalry where the most powerful pursue their interests using economic integration as coercion."
The US-led global system of governance is enduring a rupture defined by great power competition and a fading rules-based order. Canada benefited from the old rules-based international order and American hegemony that provided public goods: open sea lanes, a stable financial system, collective security, and dispute-resolution frameworks. A new reality has set in: intensifying great power rivalry where powerful states use economic integration as coercion. Compliance by middle powers will not guarantee safety. Middle powers must adapt collectively and choose cooperation over isolationist walls. Rising tensions, including the US President's bid to seize Greenland, risk fracturing the transatlantic NATO alliance.
Read at www.theguardian.com
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