Forget
about the G7 and G20. The truly important focus is the US and China,
and what we do together. First of all, we are moving into a multipolar
world. This means that the US and China will be peer competitors, but
there will also be other important countries rising and becoming more
influential over time, such as India, Brazil, Indonesia, and Russia.
President Trump said that the US and China could solve all the world’s problems, and he is right. «
Mitchell Presnick.
Mitchell Presnick.
We
have this multipolar world, and within this context, we are going to
see the formation of the G2. Forget about the G7 and G20. The real focus
is the US and China and what we do together. President Trump said that
“the US and China could solve all the world’s problems”, and he is right.
He specifically said the US and China; not the US, China, BRICS, and the
developing world. If China and the US are working together, everyone
else—over 200 countries—will be aligned with one or the other, or both
in some cases.
This, I believe, is the world order that is coming. I think it is going to be net positive for the world because it will provide more opportunities for countries that have been ignored. Africa did not get much attention until China entered and began developing business and resource opportunities there. Now, Africa is receiving a lot more attention from everyone. The same is true for Latin America. The US has been dominant in this hemisphere since the early 1800s, and yet Latin America and South America have struggled to develop. Objectively, it is clearly in the interest of South America for China to get more involved and help develop infrastructure there.
This might even encourage the US to do the same, which would be a net positive for South America. It would also create business opportunities, because one thing people don’t understand about the Belt and Road Initiative (BRI) is that every time China builds a railway, road, port, or airport in a developing country, it is also creating the foundation for a middle class who will later buy other goods from China. In other words, it's like brand building for Chinese industry. China, as a brand, is being built in these countries. People there will become familiar with Chinese cars, well-built roads, and high-quality products. As these consumers develop, they will naturally be more inclined to buy Chinese goods, which are well-priced and of good quality. This is something I think the US also needs to be doing.
This, I believe, is the world order that is coming. I think it is going to be net positive for the world because it will provide more opportunities for countries that have been ignored. Africa did not get much attention until China entered and began developing business and resource opportunities there. Now, Africa is receiving a lot more attention from everyone. The same is true for Latin America. The US has been dominant in this hemisphere since the early 1800s, and yet Latin America and South America have struggled to develop. Objectively, it is clearly in the interest of South America for China to get more involved and help develop infrastructure there.
This might even encourage the US to do the same, which would be a net positive for South America. It would also create business opportunities, because one thing people don’t understand about the Belt and Road Initiative (BRI) is that every time China builds a railway, road, port, or airport in a developing country, it is also creating the foundation for a middle class who will later buy other goods from China. In other words, it's like brand building for Chinese industry. China, as a brand, is being built in these countries. People there will become familiar with Chinese cars, well-built roads, and high-quality products. As these consumers develop, they will naturally be more inclined to buy Chinese goods, which are well-priced and of good quality. This is something I think the US also needs to be doing.
