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How America is reshaping the global economy
The Biden administration thinks it is winning the argument for a new Washington consensus, but some allies remain wary
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It is evident that there is still uneasiness about US policy among the country's allies, says the writer.
PHOTO: AFP
Gideon Rachman
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An unheralded revolution has taken place in America’s approach to international economics. As the new thinking emerges, it is reshaping the global economy and the Western alliance.
The approach was set out most clearly in a speech by Mr Jake Sullivan on April 27. The fact that he is President Joe Biden’s national security adviser is a clue. Strategic rivalry with China is central to the new thinking.
