Gone are the days when America sneezes the globe catches the cold. Then it was America a lone star in any conceivable activity of post-war re-development. All three hats fit America’s head: geopolitics, geostrategy and geoeconomics. Time up to choose geoeconomics over the other two.
Geopolitics is hinged upon the power play in terms of politics, diplomacy, persuasion and also the aspect of command & control. United Nations being formed, Bretton wood sisters being organized, the globe looked at the American led group to be the saviour of world. Cold war apart most if not all countries had vast population eulogizing American as Samaritan.
The predication came with the collapse of the
bipolar world where earlier USA & Soviet Union had an unwritten law of
keeping the distance and more than that keeping away from pressing the nuclear
button. Throwing caution to win Gorbachev trusted Reagan and dismantled his
massive Soviet State that consisted nations stretching from Eastern Indian Ocean
to Western Atlantic. As Reagan exited presidency, America started to toy with the idea of unipolar world
where the coteries of west European nations banded together in the NATO
alliance beginning to set the “rules based international order” (RBIO) where American
set the rules and the rest of the world had to follow suit.
Geopolitics is the key concept that drove western
nations to be manacled under a single capitalistic system. Trade is the flow, Dollar
is the conduit, and the system would not tolerate any disobedience. Then came
the bolt from the blue. China begin to rise. USA ignored Napoleonic dictum. “There lies a sleeping giant. Let him
sleep! For when he wakes, he will shake the world". On the contrary
America befriended China using Ping-Pong diplomacy tactfully arranged by
Pakistan.
Investments poured in from America to China. In fact an entire production system dismantled and shipped to Beijing gave China new found identity as an industrialized nation. Progress in the beginning was slow as it picked up it was soaring the heights of Himalaya. Richard Nixon who met Mao in February 1972, laid the foundation of Chinese revival. Soon the dragon filled the vacancy of veto carrying status in the UN Security Council vacated by Taiwan.
After a half century later in 2022 China is a peer competitor to USA. Not only that she is indeed, a near competitor to America led west in other geo areas: geostrategy, geotechnolgy and now in geoeconomics.
It is time for the American led west to bring some
sense of balance into their foreign policy. Geopolitics must be given a fitting
burial. The new challenge is not in politics or geo strategy but in geo
technology and overarching geoeconomics. Bang on geoeconomics if you wants to survive America!
Cheers!
Muthu Ashraff Rajulu
Business Strategist
Mobile: + 94 777 265677
E-mail: cosmicgems@gmail.com
Blog: Business Strategist
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