“Every day we’re reminded that we live in an era of great-power rivalry,” Mr. Carney said. “That the rules-based order is fading. That the strong can do what they can, and the weak must suffer what they must.”

During the era of globalisation, great powers competed in terms of their ability to integrate into the international system, seeking to strengthen themselves by gaining advantageous positions in the process of globalisation. In contrast, in the era of deglobalisation, the core of great power competition lies in how to enhance national strength amid... See more