Countries should strike up more economic alliances than security and defense ones, as those could make the world “more dangerous,” the president of the Center for China and Globalization said on Tuesday.
Doing that would also circumvent a slide toward deglobalization, which could hold back economic development across the world. The U.S. for example, could consider joining — or “re-joining” — the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Henry Wang said at the SALT iConnections conference in Singapore.
“The U.S. is the vibe of globalization and [has] always taken the lead on globalization,” Wang said.
“It was a pity to see the U.S. pulling out of the [Trans-Pacific Partnership, which] … set higher standards for global trade, including the digital economy, and also the liberalization of trade and facilitation of investments.”
Wang added that there should be more economic alliances and fewer…
