Michael Spence Quotes
A split between the U.S. and its traditional allies, if it becomes a permanent feature of the new global order, would lead to deeper fragmentation among the world's market-oriented democracies. That will surely shift the long-term balance of power in China's favor, as it moves steadily toward becoming the world's largest economy.
Topics
Allies, Alliances
Democracy, Democracies
Globalization, Globalism
International Affairs, International Relations
Balance of Power
Global Power
China's Economy
Diplomatic Ties
Economic Hegemony
Economic Interdependence
Economic Shift
Geopolitical Realignment
Political Alignment
Power Dynamics
Strategic Alliances
global order
China Rise
Citations
Spence, Michael. "Trump's Global Reordering." Project Syndicate, 2018.
Related Quotes
Andrew Michael Spence is a Canadian-American economist and Nobel laureate.