Condoleezza Rice, the former U.S. Secretary of State, said the 'global order' was in a “somewhat dangerous and chaotic” state.
"The international economy was created as one that was intended to be a positive sum game, as in 'my growth would not come at your expense' … They created a different kind of system, one that was based on free and open trade and one in which there were great institutions like the International Monetary Fund and World Bank ... that system also relied on U.S. leadership and U.S. military protection," she said.Rice's comments against a sea change in U.S.
The U.S. and China are currently discussing a deal to end an escalation of tensions and tariffs seen to have impacted both countries' growth negatively. Trump has advocated an "America First" approach to global affairs; his critics say he is guilty of fermenting populist and protectionist sentiment in the U.S. that could actually damage the country's interests rather than protect them.
Rice said the global system or global order, in place since 1945, was under threat from three challenges, the first being maintaining international security and preventing terrorist attacks as well as dealing with the cyber security threat. "A second big challenge to the system, the global order that was created after 1945, is the problem of great power rivalry which has emerged strongly in the last several years," she said, referencing U.S. relations with Russia as well as with a "rising China."
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