The Winds of Change
If you happen to believe that miracles do not happen anymore, you are well advised to do some serious rethinking. When the President of the United States of America starts to vehemently defend economic and trade policies of a rather closed minded and protective nature – to say the least, that is – and even openly admits it while the President of the People s Republic of China, supposedly of a socialist/communist background, can t stop hailing the tremendous advantages of free trade and globalisation to an extent of describing the latter as irreversible, then the aforementioned idea becomes very much doubtful.
This is exactly what happened with Donald Trump and Xi Jinping in their speeches delivered to the “Asia-Pacific Economic Cooperation” Forum (APEC) hosted by Vietnam last week, posing a number of important, and indeed, somehow worrying questions pertaining to the future of world trade, the redistribution of roles therein, the ties and relations that will regulate it, and the balance of power expected to be prevalent in the mid – to long term.