'Principled and pragmatic:' Prime Minister Mark Carney's address to the World Economic Forum
Mark Carney called on middle powers to pursue strategic autonomy through diversified trade, domestic strength, and new coalitions amid rising great-power economic coercion.
- At the World Economic Forum in Davos, Canadian Prime Minister Mark Carney said Tuesday middle powers must build strategic autonomy amid a rupture in the world order.
- He warned that the great powers U.S., China and Russia are weaponising economic integration and ignoring laws, causing the rules-based international order to fade and exposing middle powers.
- Carney outlined specific measures, including urging middle powers to build strategic autonomy in energy, food, critical minerals, finance, and supply chains, forming G7 buyer's clubs for critical minerals, and citing Canada's defence spending by 2030.
- Middle powers could preserve sovereignty by collective investments in resilience, Carney said, as this approach costs less than each country building its own fortress.
- He also proposed plurilateral trade moves such as bridging the Trans-Pacific Partnership and the European Union to form a trading bloc of 1.5 billion people.
17 Articles
17 Articles
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The Canadian Prime Minister's call to the Middle Powers in Davos is receiving multi-stakeholder support and global interest.
The World Economic Forum is still running in 2026, but Canada's Prime Minister Mark Carney's appearance is already emerging. With clear words, Carney classified the current changes in the world. Read his speech in the text here.
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