X
HELP US MAKE SENSE OF OUR COMPLEX WORLD
The Canadian Global Affairs Institute provides credible, open access expertise on global affairs. With your support, we can continue to spark impassioned nation-wide discussions designed to help Canadians better understand their role in the international arena.
S U P P O R T   U S
SUPPORT US

China Trade Wars 2.0 – An Approach for the G7

China_Trade_Story_Pic.JPG

Image credit: AP Photo/Alex Brandon

COMMENTARY

by Amy Karam

iPolitics
June 8, 2018

If you are holding your breath for the U.S.-China trade war threat to be over so that you can get back to business as usual, think again – or take a really deep, long breath.

The U.S.-China trade war sparring, as damaging as it is to the global economy, is only the symptom of a much bigger issue and challenge. The real issue is that there is a global economic power-shift taking place between these two superpowers. The trade wars are simply a reactive response to this awakening — a power struggle. The greater issue to be concerned with is that this is actually a war on ideology. The West is now waking up to the reality of new global order and trying to hold on to its past ability to influence trade practices – but it might be too late to preserve the way it has been.

How did we get here? The aggregate GDP of G7 member states with developed democracies was nearly 70% of the global economy three decades ago and with this economic power came the opportunity to govern global trade protocol. The member nations shared similar values, democracies, and part of their charter was to assist emerging nations in their development plans. They were successful in contributing to this last goal and, as a result the aggregate GDP of the G7 has decreased to nearly 50%. Emerging economies like China grew to the point where they earned a place at the table and the G20 was created. However, some of these new members do not share all of the values of a democratic state, play by different rules, and so there is a new playbook in the global economic, geo-political, trade order of today.

CLICK HERE TO READ THE FULL ARTICLE AT iPOLITICS


Be the first to comment

Please check your e-mail for a link to activate your account.
SUBSCRIBE TO OUR NEWSLETTERS
 
SEARCH
EXPERTS IN THE MEDIA

Is UN Peacekeeping Losing its Appeal?

by Jay Heisler (feat. Tim Dunne), Voice of America, July 22, 2021

Privatizing Forests; Right-Wing Extremism; Vaccine Passports; Crypto Sustainability

by Ryan Jespersen (feat. Aden Dur-e-Aden), Real Talk Ryan Jespersen, July 21, 2021

Why the Canadian Forces need big iron

by David Reevely (feat. David Perry and Ron Lloyd), The Logic, July 21, 2021

U.S. not rushing to ease travel restrictions at Canadian border

by James McCarten (feat. Laurie Trautman), National Observer, July 21, 2021

The Road to 100% zero-emission vehicles by 2035

by Larysa Harapyn (feat. Brian Kingston), Financial Post, July 20, 2021

Canada to Reopen Border with US to Fully Vaccinated Travelers

by Craig McCulloch (feat. Laurie Trautman), Voice of America, July 20, 2021

Country-of-origin labelling discussion re-emerges in U.S.

by Jennifer Blair (feat. Fawn Jackson), Canadian Cattlemen, July 20, 2021

Invited but Not Let In: Canada Places Thousands of Lives on Hold

by Reedah Hayder (feat. Andrew Griffith), Toronto Star, July 15, 2021


LATEST TWEETS

HEAD OFFICE
Canadian Global Affairs Institute
Suite 1800, 150–9th Avenue SW
Calgary, Alberta, Canada T2P 3H9

 

OTTAWA OFFICE
Canadian Global Affairs Institute
8 York Street, 2nd Floor
Ottawa, Ontario, Canada K1N 5S6

 

Phone: (613) 288-2529
Email: [email protected]
Web: cgai.ca

 

Making sense of our complex world.
Déchiffrer la complexité de notre monde.

 

© 2002-2021 Canadian Global Affairs Institute
Charitable Registration No. 87982 7913 RR0001

 


Sign in with Facebook | Sign in with Twitter | Sign in with Email