We are witnessing the birth of 'globalisation with friends', a new way of operating between the Western powers to ward off increasingly aggressive behaviour by China and Russia, writes strategic policy analyst Stephen Loosley.
Beginning in Paris, during discussions with leading French businesspeople, the expression “globalisation with friends” was suddenly dropped into the conversation.
Globalisation assumed that the contract for the supply of goods and services was the dominant instrument in relations between states.US President Joe Biden addresses a press conference on the final day of the Madrid NATO Summit in June. Picture: Getty ImagesAnd even more curiously, at the European bracketing of Lithuania with Australia, as both have been subject to Chinese economic coercion.
As a commodity trading nation, Australia could diversify its markets and focus on quality and price for its goods. This leads to a fascinating policy suggestion most recently advanced by the former NATO Secretary General, Anders Fogh Rasmussen. What is important of course, is that arguments about economic coercion fit very neatly into the prism of democracies opposing dictatorships.
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