Australian Treasurer Jim Chalmers has publicly commended Canadian Prime Minister Mark Carney's recent address at the World Economic Forum in Davos, describing it as a "stunning speech" that has sparked significant discussion within the Australian government. Chalmers highlighted the speech's impact, noting its thoughtful analysis of the shifting global landscape.
Carney's Powerful Message on Global Uncertainties
During the annual gathering in Davos, Switzerland, Mark Carney delivered a passionate critique of the current state of international affairs, particularly focusing on what he termed a "rupture" rather than a transition in global dynamics. Carney emphasised that many traditional certainties are breaking down, pointing to escalating trade tensions, Russia's invasion of Ukraine, and evolving discussions within NATO as key examples.
Carney urged world leaders to stop pretending that the rules-based international order functions as it once did, calling instead for recognition of a "brutal reality" where great power rivalry intensifies without adequate constraints. He argued that powerful nations increasingly use economic integration as a tool for coercion, challenging the foundations of global cooperation.
Australian Government's Response and Internal Discussions
Jim Chalmers revealed that Carney's speech has been "widely shared and discussed" among Australian government officials, indicating its resonance in Canberra. The Treasurer agreed with Carney's central point that Australia's interests, like those of Canada, are best served through cooperation and managing differences within the framework of international law and institutions.
Chalmers told ABC radio that the speech was "very impactful," acknowledging the breakdown of old certainties as a critical issue facing nations worldwide. He noted that this phenomenon manifests in various ways, including market behaviours and geopolitical tensions, requiring careful navigation by middle powers like Australia.
Former PM Malcolm Turnbull's Support and Call to Action
Former Australian Prime Minister Malcolm Turnbull has also praised Carney's speech, calling on current Prime Minister Anthony Albanese to deliver a similar message. Turnbull, who had his own confrontations with Donald Trump during his tenure, emphasised the importance of standing up to bullies and maintaining national sovereignty.
Turnbull argued that anyone paying attention to global events would recognise the accuracy of Carney's assessment. He warned that economic dependence on the United States could be exploited as a vulnerability under certain administrations, reinforcing the need for middle powers to unite and assert their interests independently.
Reflecting on his own experiences, Turnbull recalled a tense phone call with Trump early in the American president's first term, where he successfully pushed for the honouring of a refugee resettlement deal. He stated firmly that "the only way to deal with bullies is to stand up to them," advocating for a collective approach among like-minded nations.
Broader Implications for International Relations
The praise from both Chalmers and Turnbull underscores a growing concern within Australian political circles about the fragility of the global rules-based order. Carney's speech has ignited conversations about how middle powers can navigate an increasingly unpredictable international environment, where traditional alliances and norms face unprecedented challenges.
As discussions continue within the Australian government, the focus remains on fostering cooperation and upholding international institutions, even as power dynamics shift. The widespread attention given to Carney's remarks suggests a pivotal moment in global diplomacy, with implications for how nations like Australia position themselves in the years ahead.
