Trend of Global Political Economy Promises Formation of Multipolar World

2020/12/23 | interview, political, top news

Strategic Council Online - A political economy analyst, referring to the common interests between the EU presidency, that is Germany, and China, said: The Germans are working in favour of China, and the growth in the trade figures of China-Europe relations shows the direction of future lineups in the world.

In an interview with the website of the Strategic Council on Foreign Relations, Ata Bahrami, referring to the increase in the volume of Sino-European economic relations compared to Sino-US relations, did not consider this as a short-term event and noted: We will see continued strengthening of Sino-European economic relations with its roots going back to the role Germany plays.

Formation of Common Interests between China and Germany

He added: Germany is regulating itself with anti-Anglo-Saxon axes, and under the current situation, the Atlantic axis existing between Britain and the United States has become very active against China; even the British expelled Chinese companies from the London Stock Exchange and are after imposing pressure on Beijing, like the United States, in order to create impediments for that Eastern power. The Germans, on the contrary, have come to assist China in order to strike a balance so that China can stand before the United States and Britain. In fact, common interests have taken shape between the presidency of the European Union (that is Germany) and China.

The expert on political economy, saying that Germany is supplying its technologies to China instead of the United States, added: The United States has withdrawn from the Chinese market and Germany is trying, as much as it could, to offset the decline in Chinese exports to the United States so that those exports will be directed towards Europe. Certainly, the United States will continue to reduce its imports from China and seeks to replace China with India and have its imports from that country. The Chinese, on the other hand, need new markets because of their export-oriented market.

Saying that France would not dare to stand up against the United States and its economy is not very strong, but this possibility is within the access of Germany, he noted: Trump’s policies towards the European Union are not accidental and this is the macro policy of the American elites, but it should have been adopted much earlier, and the corporate lobby had delayed its implementation. Trump’s criticism was that they should have pursued this policy fifteen years ago, and it was the “stupid” American politicians who failed to do so!

The expert on the international economy, commenting on the impact of the coming to power of the Democratic Party in the United States on changing the country’s policies towards Europe, said: Certainly Biden will continue to do the same because such measures are on the basis of macro interests of the United States. If the Americans do not stop China it will replace the United States. Trump said that because American companies were operating at low costs in China, they lobbied to prevent the policy from being implemented; that is to say, they had sacrificed national interests of the United States for corporate interests.

Bahrami said: The United States knows that if it does not implement that macro policy, China will practically replace it as a superior power, and the United States will have to say goodbye to its global power status. For this reason, this is a long-term policy and will continue in future.

As for the advantages of this change of the trading partner for Europe, the international economic analyst said: Naturally, the United States intends to keep Europe in its orbit, but the Europeans are putting their own interests ahead because the United States intends to confront China through Germany, and certainly Germany will not allow this to happen, and seeks to balance with the United States to protect its national interests.

Germany’s Macro Interests Are in Strengthening Anti-American Poles

Referring to the US sanctions against German companies involved in the “Nord Stream 2” project and US dissatisfaction with Germany’s cooperation with Russia, Bahrami added: The US wants a follower Europe; but Europe’s interests are not in the pure pursuit of the United States, just as Germany was the most reluctant country to impose sanctions on Iran. They were the last country to leave the Iranian market after the 2000s and were the first to return. The contracts they made with Iran were all long-term purchases of petrochemicals and other things. For this reason, Germany’s macro interests are in strengthening the anti-American poles, from Iran to China and Russia or any other country.

Bahrami said compensating the US market for Europe is a difficult task, adding: Perhaps the Europeans cannot be able to make up for the US market share exactly, and perhaps can make up for part of it; because the United States could print money and buy goods, but Germany cannot print euros and buy goods. When it opens the market to China, it practically relinquishes part of its own market, so their losses are not fully compensated.

A Multipolar World Is Taking Shape

Stating that a multipolar world is taking shape, the political economy analyst called those developments an opportunity for some countries, including Iran, and stressed: such a confrontation of powers is very important for a country like our own country.

Noting that global rankings are changing, he said: Naturally, we are going through a tense transition period and many countries still do not know their role. In fact, the world of the future has not yet been formed, and this transition period will certainly take time, but in the future, a multipolar world will replace the current unipolar world.

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