International economics is also often guided by the same principles as physics 0SHARES Share Tweet Email The writer is a former caretaker finance minister and served as vice-president at the World Bank The challenge to the Trumpian case against globalisation has come from an unlikely source: China. Beijing, led by President Xi Jinping, has taken a radically different position from the one it had followed in earlier times. “In a world marked by great uncertainty and volatility, the international community is looking to China,” Klaus Schwab, the founder of the World Economic Forum that convenes every year in Switzerland’s Alpine resort of Davos, said at the 2017 gathering while introducing his guest, the Chinese president and secretary of China’s Communist Party, Xi Jinping. This was the first time a senior leader from China was attending Davos. The Chinese leader was not expected to offer such a stout defence of globalisation, a task that had always been performed by the American leadership. “Some people blame economic globalisation for the chaos in our world,” Xi said. “One should not retreat to the harbour when encountering a storm, for this will never get us to the other shore of the ocean.” Xi then… Read full this story
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