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Canada’s domestic politics have helped escalate the latest dispute between Beijing and Ottawa into the expulsion of diplomats.
While some experts who track the relationship between China and Canada play the spat down – one called “pretty insignificant” – it is another crack contributing to the long-term rupture far more dangerous.
Labeled “global fragmentation,” the problem was announced at the meeting of the International Monetary Fund in Washington, D.C. Canada’s current dispute may represent the further fragmentation of the world into competing trade blocs that not only make us all poorer, but also hinder important negotiations. on shared global threats, including climate change and artificial intelligence.
The economic impact of diplomacy
Critics of the Canadian government’s handling of threats against Conservative Michael Chong’s family in Hong Kong will not see the issue as trivial.
Although less significant than previous disputes with Beijing, which in the past have led to long-term imprisonment of innocent Canadians and may result in ongoing trade sanctions, the latest Canada-China spat is just one sign of the hostility between the world’s free markets. democracy and what appears to be an emerging alternative bloc.
“Although we need more international cooperation in many areas, we face the specter of a new Cold War that could see the world fragment into competing economic blocs,” the IMF chief said.
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