Speaking at the World Economic Forum, Prime Minister Mark Carney says global integration has become a tool of coercion and middle powers must rethink security, trade and sovereignty.
Business
M
Moneycontrol21-01-2026, 08:52

Canada PM Carney's Blunt Davos Warning: 'If You're Not at the Table, You're on the Menu'

  • Canada's Prime Minister Mark Carney declared the era of comfortable globalization over at the World Economic Forum, warning of deep vulnerabilities from extreme global integration.
  • Carney highlighted how great powers now use economic integration as a weapon, citing tariffs, financial infrastructure, and supply chains as tools for coercion and exploitation.
  • He stated that the international system and institutions like the WTO and UN are 'greatly diminished,' and the 'rules-based order' no longer functions as advertised.
  • Carney warned against 'fortress economics,' arguing that isolation and fragmentation weaken all nations, including the most powerful.
  • Canada is recalibrating its foreign and economic strategy to be 'principled and pragmatic,' focusing on domestic strength, diversifying partnerships, and building flexible coalitions with other middle powers.

Why It Matters: Canada's PM Carney warns middle powers to adapt to a fractured world or risk subordination, advocating for pragmatic coalitions.

More like this

Loading more articles...