Canadian PM Marks Shift in Global Economic Power

Canadian Prime Minister Mark Carney asserts the world can operate without the United States, signaling a significant shift in global economic dynamics.

At the G20 summit in South Africa, Canadian Prime Minister Mark Carney emphasized that the United States should not overestimate its influence on the global stage. He stated that the economic ‘center of gravity’ is shifting away from Washington, a claim that gains weight as the US opted not to attend the summit. Carney’s remarks highlight a growing perception that the United States is no longer the sole dominant force in international affairs.

The absence of the United States from the G20 meeting, which took place in Johannesburg, was attributed to President Donald Trump’s accusations that South Africa was perpetrating a genocide against white farmers. This stance has drawn criticism, with some viewing it as an attempt to justify the US’s non-participation in a critical global economic forum.

Carney highlighted that despite the US’s absence, the summit was attended by nations representing three-quarters of the world’s population, two-thirds of global GDP, and three-quarters of global trade. This underscores the increasing importance of other nations in shaping global economic policies and decision-making processes. He also expressed Canada’s commitment to strengthening relationships with countries like South Africa, India, and China, reflecting a diplomatic strategy aimed at diversifying international partnerships.

Meanwhile, Russian delegation leader Maksim Oreshkin stated that the summit was a success, emphasizing the potential for economic cooperation and joint projects with both friendly and unfriendly nations. South African President Cyril Ramaphosa also voiced confidence in the G20’s ability to proceed without US interference, calling the US boycott a ‘loss’ for the global community.

The summit’s outcomes are seen as a reflection of the evolving global economic landscape, with major powers like Russia and China playing increasingly prominent roles. As discussions on various economic issues progressed, the absence of the United States has prompted a reevaluation of its role in international cooperation and diplomacy.