The New Geopolitics of Globalization: Bulls, Pandas and the Road to Charlevoix
Revue Analyse Financière, No. 66, 2018
2 Pages Posted: 12 Jul 2018
Date Written: January 15, 2018
Rising tensions in the Yellow Sea, a festering ‘Migrant Crisis’ in Europe and Africa and resurgent antagonisms in the Persian Gulf are further threatening the Post-War social contract bequeathed by President Truman, Gen. Marshall and Gen. Eisenhower: praetorian Midwestern pragmatists whose work underpinned political stability and economic prosperity globally for more than 70 years...
A geoeconomic realignment seems to be under way: the Canadian Prime Minister has announced his intention to join the China-backed AIIB, thus becoming the first North American member of the institution, a bold political decision that aligns with the country’s thirst for overseas investments in infrastructure – an asset class where Canadian pension funds have become the world’s leading financial investors.
Tellingly, Trudeau has traveled repeatedly to Beijing, discussing the future of free trade, international monetary policy coordination, infrastructure investment, climate change and global labor law norms, thus giving the Chinese leadership a high-level ‘sneak preview’ of the upcoming G7 Summit (Charlevoix, June 2018), a gathering founded by the United States, of which China isn’t even a member.
JEL Classification: F13, F15, F18, F33, F35, F52, F55, F60, F64, F65, G15, G23, G28
Suggested Citation: Suggested Citation