End of globalization?? - Keir Starmer's statement- Why? Understanding with reference of Ecological Inter Relationship (Trade) approach.
INDEX-
- End of globalisation - Keir Starmer's statement- Why?
- What do we really mean by globalisation?
- Understanding of reciprocal tariff in light of the Ecology "Predator Relationship" concept.
- Prime Concern -&- Way forward
Keir Starmer, Prime
Minister of the UK-
- Today, on Monday (07/06/2025), when UK is discussing " man united vs man city " PM Keir Starmer is holding a press conference @London, where he is about to make a statement about the "end of globalisation?."
- The media report says that, in anticipation, that post-reciprocal tariffs by US President Donald Trump and another trade-related conflict.
- The UK Government is confident, with the face of its Prime Minister Keir Starmer, now it is the end of globalisation and we are in the era of "protectionism".
- So, in anticipation of protectionism, he is about to announce the protective economic measure for the UK economy.
👉 For OTHER SUBJECTS study click on SITEMAP 👀
As the above diagram suggests,-
- Globalisation is the interconnection of bilateral -& multilateral relationships among the countries.
- In developing of these kinds of relationship the primary concern is not nothing else but only the economic prosperity.
- Driven by this notion, a particular country goes for an interconnected and interdependent relationship with another country to ensure the maximization of relationship investment for respective country with the notion that we need to compromise something in return of something extra.
In this aspect-
- We have seen several measures or steps frequently taken by the respective countries in respect of another country, such as
- cultural relationship,
- historical relationship,
- diplomatic relationships, and
- Other kinds of relationships
- Just to ensure a high degree of mutual relationship
- so the communication must be multidimensional.
- The early decision, as the rule of economics says, the sooner the decision-making higher the chance of economic prosperity because transactions take place as soon as possible.
Now, we are clear that at the center is the economic relationship to ensure the respective country's economic prosperity.
In the principles of
ecology,-
- When we study environmental studies,
- We have six (06) types of relationships,
- In which the most favourite, most acceptable and most notable, from a human perspective, is a "mutual relationship," in which both parties benefit in proportionality.
- Here we need to underline the terminology "proportionality," which means it does not follow the notions of equality in terms of quantity.
Up till now, -
- This mutual relationship was being followed by the two countries; on one hand was the USA, and on the other hand was the second one.
- But from 20/01/2025, the era has changed, and it is the era of President Donald Trump, who, when campaigning for the presidential elections, was making one of the promises to his voters of imposing reciprocal tariffs on each Nation to strengthen the USA domestic economy when we need to save more and more.
👉 हिंदी विषय की अध्ययन सामग्री के लिए साइटमैप देखें 👀
Following this on
04/04/2025 -
- The president announced the second leg of the reciprocal tariff from Washington, USA capital.
- Post this tariff announcement, a communication war was triggered between the US and different nations.
- Initiated by several head of the state itself as the chief concern was the end of this "mutualism trade relationship", and the new region tariff is something which has metamorphosed relationship to "predator relationship" where the existence of US tariff would destroy/ decimate/ kill the market of respective country in US market, causing a huge economic loss due to dearer export.
Amid global political and trade concerns, when the world order is in a state of undulation due to -
- The US-China conflict,
- Russia-Ukraine war, and
- The ongoing war between Israel and Hamas in the Middle East,
- Central Asia and Europe are disturbed, and
- A severe trade conflict between North America and China.
This tariff war or conflict has triggered a new
thought of concern in the shadow of which the Prime Minister of the United
Kingdom-UK is about to make this statement, "Is the globalisation
end?"
In another aspect, among all these expressed views, one head of state in this global political fraternity always used to say, “Look
for opportunity in disparities.”
The Indian Prime Minister Narendra Modi always used to say -
- If the situation is not according to your need/ aspiration something good is happening,
- You need to read between the lines those good signs, and take advantage of that.
In the reciprocal
tariff announcement, same time, a 26% tariff was also imposed on India.
- Indian authorities have said, in the official statement, that we are analysing the new tariff percentage in respect of the trading aspect, and,
- Are in continuous communication with the US authority? what could be the way forward to track that middle path?
History has always
learn a lesson to us -
- Whenever a great change is about to happen
- Earthquakes or strong vibrations, in result of displacement, are about to happen, but post those, everything gets settled with the passage of time, with new equations and order.
- The same will also happen this time too, but we need to act in a very sincere manner to adjust to this new economic order.
- Because what the US President Donald Trump is doing is doing as the US President, who is having the legitimate vote support by the peoples of America, so he is well in power to do so.
Only the future will tell whether it was the right step or not, but, the present time demand is to consider and analyse the new circumstances patiently, and act for the good and favourable future.
Thanks
👉NCERT-GEOGRAPHY-CLASS-07- 👀
Comments