Did Europe set to loose its Unity?
Raghvendra Pandey
Software Licensing Specialist | Expert in SaaS Procurement and Contract Negotiations | Driving Value and Compliance in Tech Investments.
World has seen lots of turn in past few years. But the most important event in this decade is US-China Cold War, I'm not going to name it as trade war because the title is beautifully shown to the people but the authorities over the world knows its the Cold War 2.0. During the first cold war which occurred after World War 2, two super powers US and USSR were engaged and undoubtedly US won the Cold War 1.0 which eventually turned out to be disastrous due to the fall of Soviet Union. And the main reason US won the cold war was the economic superiority over its counterpart.
But the time has now changed, even US State Secretary Mike Pompeo openly said that "China is undoubtedly a bigger threat" and again the reason is vast economic power of China and its massive Foreign exchange that can make anyone wonder. But the bigger question is Europe will go which side?
Unlike Cold War 1.0 stance of Europe was crystal clear but this time things are not as simple. There is a gap between Eastern & Western Europe and all credit for this gap goes to then Democrat President Barack Obama. US President always keeps the world order in his hands but historically Democrat's President always had a soft corner for china and same legacy was continued by Obama.
In the year 2012 expansionist china slowly started creating its influence in Eastern Europe. China created a new organization named as 17 + 1 (17 Eastern European countries and China) which was formerly known as 16 + 1. Under this organization China slowly started giving soft loans to small European countries which are facing economic fluctuation. And China has strategically targeted Greece & Serbia as they have significant importance in Eastern Europe. China specifically targets stressed assets like Ports & Airports which gets huge Chinese investment and the same creates a dominance of China over the countries and due to the high flow of investment local politicians are also bribed by China.
China has purchased 67% stake in Port of Piraeus located in Greece through Chinese government owned COSCO. Acquiring this port has major advantage for China as it would then dominate trade in Mediterranean sea & Aegean Sea. Already maximum countries of 17 + 1 is under China's Belt & Road initative except from Poland as there are some signs of disagreement between Poland & China but again if US or Eurpoean Union dosent pay any attention to these countries then Eurpore will have two side. Altough Eurpoean Union has provided several pacakage to these countries but Eastern Eurpose countries has taken massive debt from International institution so in order to repay them they need huge investment and EU is not in position to.
So what about the role of United States, if China continues with the same strategy then soon dominance of the US over European countries will loose. So in future if China does anything that is not safe for mankind like Human Rights violation to Uighur Muslims or something similar to Hong Kong then World will not be so open to criticize such incident as voices all over the world will be subdued.
US Presidential Election has a major role over this issue, if Joe Biden is elected as US President then he would surely continue the Democrat's legacy to have a soft corner for China and not giving any strong reaction to its mess. But if Donald Trump is re-elected then the world order will be maintained as he will then continue to take strong action against China and in future we could see many great events like expansion of UN Security Council and India will be invited to join for sure! Also Donald Trump has hinted expansion of G7 which is again a much needed reform to the world order.
So hope for the best! Currently Joe Biden is leading the polls but I am waiting for Presidential Debates as Joe Biden has Cognitive decline due to its age and Donald Trump is really good over words.
Till November 2020.
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4 年Raghvendra Pandey nicely articulated with the data which is very well presented. Although I don’t agree on the presidential candidate. Not a Biden support but sure not hell Donald trump supporter, both are like opposite ends of a spectrum. But overall I agree on your usage of words Cold War instead of trade war as this friction is beyond trade and impacting the local and neighbours politics which is critical and dangerous not only to US but also to India.
Nice Article ??