The post-World War II liberal world order, defined by open markets, rules-based international cooperation and a benign American hegemony, has brought unprecedented peace and prosperity to the world. Yet it is now under threat from nationalists and isolationists in Europe and the United States as well as revisionists in China, Iran and Russia.
Macron Defends Rules-Based Pacific Order, Five Stars Call for New Elections
During a visit to Sydney, French president Emmanuel Macron said he wanted to work with the largest democracies in the region — Australia, India, Japan and the United States — to “balance” Chinese power and protect “rule-based development” in Asia.
“It’s important… not to have any hegemony in the region,” he said.
Australia has eyed accommodation with China since Donald Trump withdrew from the Trans Pacific Partnership in 2017. But Prime Minister Malcolm Turnbull, speaking alongside Macron, insisted his country is still committed to preserving a rules-based order.
France is a Pacific power. It has around one million citizens in the region. Read more
How Is the Liberal World Order Holding Up?
Donald Trump’s election caused many foreign-policy hands to worry that America could abandon its stewardship of the liberal world order: that constellation of alliances and institutions that has promoted peace and prosperity since World War II.
One year into Trump’s presidency, the results are mixed.
In the latest issue of Foreign Affairs, four experts reflect on the state of the world. Their consensus: The world America built has by no means disappeared, but there is no time for complacency. Read more
Four Ways Trump’s Promise to Remake the World Could Pan Out
Gideon Rachman argues in the Financial Times that Donald Trump’s promise to reform the international system could pan out in one of four ways:
Trump succeeds in getting the changes he wants and the system survives, in a modified form, with America still the global leader.
A new system emerges, with the rest of the world operating under multilateral rules and ignoring unilateralist America as far as possible.
America’s withdrawal leads to a collapse in the rules-based order — and chaos.
Trump is satisfied with essentially cosmetic changes and the system continues much as it is now. Read more
Nationalism May Be Down, But It’s Not Out
Nationalism may be down, but it’s not out, reports The Wall Street Journal.
The nationalist insurgency is both growing and metamorphosing. It is not just eating away at relations between countries on issues such as free trade; it is also eroding the institutions and norms that prevail within countries.
With economies growing on both sides of the Atlantic, populists now draw on cultural grievances to undermine the stable, rules-based environment businesses crave. Read more
How Worried Is the World About Trump’s Abdication of Leadership?
Not as much as is commonly assumed, argues Parag Khanna. He sees Trump’s presidency as merely continuing the demise of American hyperpower in favor of a multipolar world.
Fred Kaplan disagrees. He argues that by his very abrogation of leadership, Trump has shown just how important the United States remain. Read more
Trump Accelerates Demise of American World Order
Donald Trump hasn’t ushered in a post-American world yet. But he is accelerating the demise of a benign hegemony that has made the world more peaceful and more prosperous with his policy of “America first”. Read more
World Not Waiting for America: Pacific Nations Continue Trade Deal
In another sign that the world isn’t waiting for the United States, eleven countries in Asia and Latin America have announced their intention to keep the Trans Pacific Partnership (TPP) alive.
One of Donald Trump’s first acts as president was to withdraw from the trade pact.
Japan and Mexico stepped into America’s place to salvage it.
Both have also intensified their trade negotiations with the EU, which itself is rushing to defend globalization from a suddenly protectionist America. Read more