"It is not exactly poetry, but it was meant to mean something shorthand for the web of multilateral acronyms (the UN, the WTO, the IMF, NATO, the G7, the G20, NAFTA, among others) that arose in the wake of the Second World War, all of it backstopped by American power. This was the stuff of relative peace and stability, at least for many (but far from all) of the nations of the world, at least as compared to the destruction of the Second World War."
"Nearly eight years later, it is harder to hold out such hope. And this week in Davos, Switzerland, Carney called on the world's "middle powers" to "live" that "truth." "Stop invoking the 'rules-based international order' as though it still functions as advertised," he said. "Call it what it is: a system of intensifying great power rivalry where the most powerful pursue their interests using economic integration as a weapon of coercion.""
The phrase "rules-based international order" gained prominence in Canada beginning in 2017 as shorthand for the post‑Second World War multilateral architecture backed by American power. That architecture delivered relative peace and stability for many nations. The phrase was absent from the House of Commons from 1995 through 2016, then resurfaced amid concerns about the election of Donald Trump and disputes at the 2018 G7 Charlevoix meeting. Early hopes that the order needed only to survive a Trump presidency have faded. At Davos, Carney urged middle powers to recognize that the system increasingly reflects great‑power rivalry and economic coercion.
Read at www.cbc.ca
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