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Phil Mullan - Beyond Confrontation

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Phil Mullan Beyond Confrontation
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Beyond Confrontation

Beyond Confrontation: Globalists, Nationalists and Their Discontents

BY

PHIL MULLAN

United Kingdom North America Japan India Malaysia China Emerald Publishing - photo 1

United Kingdom North America Japan India Malaysia China

Emerald Publishing Limited
Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2020

2020 Phil Mullan. Published under exclusive licence by Emerald Publishing Limited.

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No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. Any opinions expressed in the chapters are those of the authors. Whilst Emerald makes every effort to ensure the quality and accuracy of its content, Emerald makes no representation implied or otherwise, as to the chapters suitability and application and disclaims any warranties, express or implied, to their use.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

ISBN: 978-1-83982-563-7 (Print)
ISBN: 978-1-83982-560-6 (Online)
ISBN: 978-1-83982-562-0 (Epub)

Contents List of Figures and Box Figures Changing Shares of World Output - photo 2

Contents
List of Figures and Box

Figures

Changing Shares of World Output, 15002018

Rising Prominence of World Trade: Exports of Goods and Services as % of GDP, 19702017

Global Annual Real Growth: GDP and Exports (Five-Year Moving Average), 19762018

US Tariff Ratio to Total Value of Imports, 18912018

Evolution of Regional Trade Agreements, 19482018

Global Annual Real Growth: GDP, Foreign Investment and Exports (10-Year Moving Averages), 19812018

Overseas Earnings as Share of US Corporate Pre-tax Profits, 19482018

US Intra-firm Trade Shares of Totals, 19922018

Intermediate Goods as Ratio of World Product Imports, 19882017

World Trade Growth: Goods and Services (Five-year Moving Averages), 19852018

Foreign Debt Relative to GDP, United States and United Kingdom, 19762018

Asias Rising Share of Inward Global FDI, 19802018

Global Passenger Car Sales, 20052018

Box

List of Abbreviations

AI artificial intelligence

AIIB Asian Infrastructure Investment Bank

APEC Asia-Pacific Economic Cooperation

BIS Bank for International Settlements

CFIUS Committee on Foreign Investment in the United States

ECB European Central Bank

ECJ European Court of Justice

ECSC European Coal and Steel Community

EMU Economic and Monetary Union (of the EU)

EU European Union

FDI foreign direct investment

FTA free trade agreement

GATS General Agreement on Trade in Services

GATT General Agreement on Tariffs and Trade

GDP gross domestic product

GDPR General Data Protection Regulation

GSC global supply chain

GTA Global Trade Alert

GVC global value chain

ICC International Criminal Court

ICJ International Court of Justice

IMF International Monetary Fund

IP and IPR intellectual property (rights)

IPCC Intergovernmental Panel on Climate Change

M&A mergers and acquisitions

MFN most favoured nation

NAFTA North American Free Trade Agreement

NATO North Atlantic Treaty Organization

NTB non-tariff barrier

OECD Organisation for Economic Co-operation and Development

R&D research and development

RTA regional trade agreements

RTP Responsibility to Protect

TPP Trans-Pacific Partnership

TRIMs trade-related investment measures

TRIP trade-related intellectual property

UN United Nations

UNCTAD United Nations Conference on Trade and Development

WTO World Trade Organization

About the Author

Phil Mullan combines business management with research and writing, primarily on economic topics. He is the author of Creative Destruction: How to Start an Economic Renaissance (Policy Press, 2017) and The Imaginary Time Bomb: Why an Ageing Population Is Not a Social Problem (IB Tauris, 2000).

Having completed eight years in Senior Management roles with Easynet Global Services, an international communications services company, he is now a Business Consultant and a Charity Trustee. Previously, from 1996 until 2003, he was the Chief Executive of Cybercaf Ltd., running the Cyberia franchise, which had opened the worlds first internet caf in London in 1994.

Preface
History Accelerating?

Covid-19 was a truly global phenomenon. It started in one country and within weeks had spread all around the planet. Long distance air travel that epitomises the connectedness of our globalised world hastened the diffusion of the virus. The equally emblematic international communication systems instantly disseminated awareness of how governments and people were responding, encouraging the replication of actions and behaviours. The sense of a global community, were all in this together, had probably never been stronger.

Such extraordinary human crises, like major wars, are thought to bring people together. Certainly there were many, many uplifting instances all around the world of ordinary people supporting their fellow humans during this pandemic. However, at a political level, conflicts and discord were mostly aggravated, not eased, by the impact of Covid-19. Within governing elites, prior political divisions in and between nations intensified.

Illustrating a core premise of this book, the twosome of globalist and insular nationalist politicians found more to attack each other for. For instance, US President Donald Trumps suspension of financing for the World Health Organization (WHO) followed his long-running script against globalist multilateralism. No doubt there was also a large element of blame shifting by making the funding announcement at that particular time.

The attack on Trump from other Western governments was similarly consistent with their pre-existing globalist playbook. European Union (EU) and other globalist-leaning leaders condemned his act as destructive economic nationalism. Their admonishment happened even though the WHO was being widely criticised for its performance by others, including from themselves, far beyond the White House.

This shared censure of the WHO pointed to another feature of the contemporary political climate described in this book. There is often less division between these two political stances than it can appear. Trumps decision itself was not that much of a break from previous official US attitudes to the UN agency. The indifference to its proceedings from his two preceding Oval Office occupants had been well indicated.

On conceptual grounds too, commentators from both globalist and isolationist outlooks drew on the pandemic. Globalists called attention to the ease with which Covid-19 moved from one country to another as confirmation that national borders are moribund in our smaller world. Fighting such a global disease highlighted for them the limitations of the traditional nation state in dealing with it. The mantra was global problems require global solutions.

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