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
PODCAST

Brian Mulroney as a Master of Persuasion: A Discussion with Fen Hampson

August 20, 2018

On today's Global Exchange Podcast, we sit down with the Chancellor’s Professor at Carleton University, and CIGI Fellow, Fen Osler Hampson, to discuss his recently released book entitled "Master of Persuasion: Brian Mulroney's Global Legacy".



EXPERTS IN THE MEDIA

Northern defence upgrades part of plan to protect Canada’s Arctic, Sajjan says

by Alex Brockman (feat. Rob Huebert), CBC News, August 20, 2018

Les Forces canadiennes dans un Arctique en plein changement

by Mario De Ciccio (feat. Rob Huebert), Radio-Canada, August 20, 2018

China and Russia strengthening relationship in bid to thwart US dominance

by Matthew Carney (feat. Stephen Nagy), ABC, August 19, 2018

Multiculturalism is here to stay.. but what about Maxime Bernier?

by Anna Desmarais (feat. Andrew Griffith), iPolitics, August 17, 2018

What happens when building pipelines becomes Fortnite?

by Chris Varcoe (feat. Dennis McConaghy & Kevin Birn), Calgary Herald, August 17, 2018

Gracing Canada on NAFTA: Experts weigh in, one year later

by Nicole Gibillini (feat. Colin Robertson), BNN Bloomberg, August 16, 2018


LATEST TWEETS

HEAD OFFICE
Canadian Global Affairs Institute
Suite 1800, 421-7th Avenue SW
Calgary, Alberta, Canada T2P 4K9

 

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

 

Phone: (613) 288-2529
Email: contact@cgai.ca
Web: cgai.ca

 

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

 

© 2002-2018 Canadian Global Affairs Institute
Charitable Registration No. 87982 7913 RR0001

 


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