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

Business
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Moneycontrol•21-01-2026, 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.
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