It was an action-packed week for the “new world order,” emerging after the “rupture” of the old set of rules, according to Canadian Prime Minister Mark Carney.
Speaking at Davos – the global epicentre of the past several days – Carney elicited a standing ovation from the crowd for his eulogy of the “rules-based international order” that has been in place since the end of World War II. In a thinly veiled critique of US President Donald Trump’s worldview, the Canadian leader explained that for decades, countries like his had benefitted from a global order upheld by the United States that allowed for the provision of “public goods, open sea lanes, a stable financial system, collective security and support frameworks for resolving disputes.” It was all a sham though, in that the rules weren’t enforced fairly but generally to the benefit of the strongest and their allies. Things are very different now, with leaders like Trump applying a different rulebook.
Carney dixit: “Over the past two decades, a series of crises in finance, health, energy and geopolitics have laid bare the risks of extreme global integration. But more recently, great powers have begun using economic integration as weapons, tariffs as leverage, financial infras
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