The Global South: A Problematic Term
Nobody really likes the term, but everyone uses it. What is it useful for? Attempts at order in a complicated world.
Nobody really likes the term, but everyone uses it. What is it useful for? Attempts at order in a complicated world.
China and, to a far lesser degree, Russia, have expanded their economic and military engagement with countries in Africa and Latin America. If Europe wants to counter this, it needs to look closely at what has worked.
German Chancellor Olaf Scholz and Foreign Minister Annalena Baerbock have put the search for overlapping interests with Asian, African, and Latin American countries at the center of their foreign policy approaches. It’s a work in progress.
Caught in a Western, Eurocentric world view, the European Union has not yet woken up to the fact that it needs to fundamentally change its approach to developing countries.
As the rivalry grows between the US and China, Beijing is regarding Europe as an increasingly important player. While it has recently ramped up its charm offensive, irritants in the relationship remain.
The gloves are off between the United States and China. How should the Europeans respond?
The European Union needs to urgently prepare for uncertain times ahead and begin to build the blocks of “de-risking” its relations with China.
Germany’s China policy was long shaped by the country’s economic interests and the illusion that engagement could help bring about change. Beijing’s more assertive foreign policy has led to an awakening in Berlin. But how far will the German government go in redefining its relations with China?
What is the role of the EU in the system of world trade? Can it hold its own between the United States and China? Yes, as long as its internal market remains attractive, says Sabine Weyand, the European Commission’s Director-General for Trade.
Geopolitical and geoeconomic conflicts are mounting, and the EU is responding with renewed vigor in trade agreements. But it also urgently needs to move forward with World Trade Organization reform.
Russia’s war against Ukraine marks less a rupture in globalization than Russia’s self-imposed removal from the global economy. One consequence may be a more balanced relationship between China and the West.
Global economic changes make it likely that the international monetary system will no longer be so dominated by the dollar. The question, though, is whether the euro or the yuan can take on the baton.