. While London certainly has to end the uncertainty over its exit and avoid a no-deal outcome, from the EU side, Brussels should resist impatience, move beyond bureaucratic technicalities and think of Brexit and its impact on European defence and security as a strategic issue. Ultimately, ensuring continuous cooperation is in the interest of both sides.
Through its “Made in China 2025” industry strategy, China is making great strides to become the global leader in high-tech industries and manufacturing. The initiative was launched in 2015 as part of a government funded effort for Beijing to achieve its goal of surpassing the likes of the US and Germany to dominate global tech and automation by 2049
The WTO has succeeded to globally promote free trade and to economically integrate developing countries over the last 25 years. As a consequence, the WTO was probably the most successful approach in fighting global poverty in history. With the US as guarantor for a multilateral ruled-based trade order, the triumph of free trade and market economy seemed irreversible until recently. However, the US has apparently become sick of its role as ‘benevolent dictator’—not only in free trade but also in security aspects—and thus, it increasingly challenges what it has proclaimed for decades. In the light of this remarkable turnaround in US foreign policy, we must rethink the global order.