By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
News
US wholesale prices jump 3.3% as Trump tariffs hit economy
11 hours ago
News
Initial tax data allays fears of non-dom exodus from UK
20 hours ago
Videos
Why these two female founders took a shot on the tequila market
22 hours ago
Videos
Why Tesla Cybertrucks Aren’t Selling
23 hours ago
News
Levi Strauss Stock: DTC Drives Outperformance; Initiate At ‘Hold’ (NYSE:LEVI)
23 hours ago
News
Iranians seize more daily freedoms after war
1 day ago
News
Lebanon’s president warns Iran against ‘interference’ over Hizbollah
1 day ago
News
South Korea’s former first lady in solitary confinement after bribery arrest
2 days ago
Videos
Tesla is a company entering, ‘a golden age,’ Wedbush’s Dan Ives says
2 days ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > How the west should navigate a fast-changing world
News

How the west should navigate a fast-changing world

News Room
Last updated: 2023/08/24 at 11:27 AM
By News Room
Share
6 Min Read
SHARE

Receive free Geopolitics updates

We’ll send you a myFT Daily Digest email rounding up the latest Geopolitics news every morning.

Everyone loves a moonshot metaphor. As a symbol of the shifting geopolitical order, India’s coup in landing the first spacecraft on the south pole of the moon, was irresistible. But it’s the dark side of this week’s Brics summit in Johannesburg rather than the dark side of the moon, which offers a more insightful guide to this fast-changing world — and how the west should navigate it.

The last time South Africa hosted a gathering that marked a global tipping point was Nelson Mandela’s inauguration in 1994. That jamboree of dozens of world leaders signalled a formal end to the region’s years as a cold war chess piece. This week’s in contrast highlighted the risk of the world tilting back into two camps.

Yes, the Brics — Brazil, Russia, India, China and South Africa — are riven by rivalries, fired up with distant dreams, and likely to fall short of many of their ambitions. Yes, the US remains the pre-eminent economy and military power.

But the Brics are on the move. The summit’s closing invitation to two traditional western allies, Saudi Arabia and the UAE, to join the bloc along with Argentina, Egypt, Ethiopia and Iran in a planned first phase of expansion, underlines how a swath of “middle powers” sense a new freedom to chart their own path. And the Brics of course represent a growing share of global trade, population and wealth.

So how should western officials play their hand at a time when the world is clearly becoming more competitive and fluid — and their place in the pecking order is at risk?

The shift has been on the minds of a thoughtful few in Washington for a while. Exhibit A — or rather C or D — reflecting the thinking of the Biden administration was on display last week at Camp David with the signing of a trilateral pact with South Korea and Japan. A diplomatic breakthrough in its own right in relations between Seoul and Tokyo, it was also the latest in a string of bespoke alliances in the Asia-Pacific region.

Administration officials see them as a network which will help ensure America sets the rules for the global order in the next few decades, as it has for the last few. Not noted for its subtlety in world affairs, America is playing its hand quite well, speaking very softly, and yet, via its alliances, carrying a big stick.

The EU is having to play catch-up, aware that it risks becoming a playground, rather than player in its own right. Distracted by Brexit and the ceaseless hunt for trade deals, Britain has also been slow on the uptake. 

Senior diplomats have for several years been arguing in favour of a rethink, as well as a reinvestment in postings, language-training and international expertise. As China expanded its presence in Africa 20 years ago, Britain cut back. How deep is Britain’s expertise on, say, Indonesia, the coming giant and the source of so much of the world’s nickel?

Only recently has the message hit home. The Foreign Secretary James Cleverly has made a focus on the “middle powers” a priority. This is where the dual nature of the Brics is relevant with its would-be membership mishmash of democracies, managed democracies, autocracies and worse.

On Wednesday, one of its wannabe members, Zimbabwe, was holding a travesty of an election to ensure its kleptocratic elite stays in power — an elite that is backed by Moscow and Beijing. Also on Wednesday, one of the Brics’ founder members, Russia, blithely explained how one of its president’s erstwhile top allies, the head of the Wagner Group, Yevgeny Prighozin, had died in a plane crash.

Is this the gangsterish type of world that Cyril Ramaphosa, South Africa’s president, India’s prime minister Narendra Modi or President Luiz Inácio Lula da Silva of Brazil would like to see hold sway? Surely not. Their responses to Vladimir Putin’s address, with its familiar claim that the war in Ukraine was all the west’s fault, nimbly avoided endorsing his line.

The new imperialists, China and Russia, breezily suggest that, unlike the European colonialists, they come as partners. But African states, for example, know all too well that their routine is a familiar old playbook. 

History is littered with examples of waning powers getting the tone wrong and being patronising as they try to calibrate how to influence the world and their would-be successors. The trick will be to celebrate the moonshots, denounce blatant abuses, such as in Zimbabwe, but most of the time say as little as possible and let the facts tell the story. 

alec.russell@ft.com

Read the full article here

News Room August 24, 2023 August 24, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
US wholesale prices jump 3.3% as Trump tariffs hit economy

Stay informed with free updatesSimply sign up to the US economy myFT…

Initial tax data allays fears of non-dom exodus from UK

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Why these two female founders took a shot on the tequila market

Watch full video on YouTube

Why Tesla Cybertrucks Aren’t Selling

Watch full video on YouTube

Levi Strauss Stock: DTC Drives Outperformance; Initiate At ‘Hold’ (NYSE:LEVI)

This article was written byFollowI am a growth-oriented investor, conducting fundamental research.…

- Advertisement -
Ad imageAd image

You Might Also Like

News

US wholesale prices jump 3.3% as Trump tariffs hit economy

By News Room
News

Initial tax data allays fears of non-dom exodus from UK

By News Room
News

Levi Strauss Stock: DTC Drives Outperformance; Initiate At ‘Hold’ (NYSE:LEVI)

By News Room
News

Iranians seize more daily freedoms after war

By News Room
News

Lebanon’s president warns Iran against ‘interference’ over Hizbollah

By News Room
News

South Korea’s former first lady in solitary confinement after bribery arrest

By News Room
News

Intrusion Inc. (INTZ) Q2 2025 Earnings Call Transcript

By News Room
News

Mercury Systems, Inc. (MRCY) Q4 2025 Earnings Call Transcript

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?