What happened to global cooperation?

Published: Fri 7 Jun 2019, 10:41 PM

Last updated: Sat 8 Jun 2019, 12:42 AM

The international order today is in a state of stagnation because it has no creator, preserver or destroyer. The United States under Donald Trump has made it amply clear it prefers mercantilism over liberal institutionalist frameworks that rely on comparative advantages. For their part, the Chinese have shown no interest in dismantling the existing system. 
Beijing has been caught completely off-guard by the scale and intensity of Trump's trade war against it, and has attempted weakly to "mimic" 20th century regime-building by the United States. As for the preserver - India - it is contemplating whether to further invest in 20th century institutions, or to channel its energies in bilateral relationships where results materialise faster and through lesser expenditure of resources.
- David J. Kane

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