#eastwest-divide

#eastwest-divide

The Canadian prime minister, Mark Carney, inspired a wave of enthusiastic nodding among the cosmopolitan crowd gathered in Davos last month when he took to the podium and proclaimed that the world order underwritten by the United States, which prevailed in the west throughout the postwar era, was over. The organizing principle that emerged from the ashes of the second world war, that interdependence would promote world peace by knitting nations' interests together in a drive for common security and prosperity, no longer works.

Collating data from the World Bank and other sources in innovative ways, he argues that globalization in the late twentieth and early twenty-first century was accompanied by then-unprecedented growth of income in both previously poor populations (notably in China) and people at the top of the world's income distribution (especially those in the West). By contrast, relative shares of world income stagnated or were thought to have declined for wealthy nations' middle and working classes, including in the United States.

U.S. President Donald Trump, with his lust for Greenland and hectoring of Europe, thinks the world is at his mercy,and thatthe U.S. is invincible. He's right on the first point. But he discovered this week that he's wrong about the second one. In Davos at the World Economic Forum, Trump climbed down on his Greenland threats after his actions caused chaos in the markets.

But the echoes of the Russian president, Vladimir Putin's imperial land grab of the waiter's own country are clear to him. They're crazy. The pair of them. For those paying more attention in Ukraine, amid Russian airstrikes, the freezing cold and power cuts, the correspondences are not only clear, but often alarming even if for now Trump has switched from sabre rattling to trying to rationalise a vague and incoherent deal he thinks he struck for the territory with Nato.

We are spending real money, whereas the U.S. is actually making money on this war,

Wadephul said speaking in Latvia that what was seen during the peace talks in UAE is "Russia's stubborn insistence on the crucial territorial issue." "And if there is no flexibility here, I fear that the negotiations may still take a long time or may not be successful at this stage," he said. He added, "Our commitment to diplomacy does not weaken our determination to support Ukraine."