A Singaporean Economist is calling on South Korea to deepen ties with other Southeastern Asian countries rather than the USA to keep as a global trade partner.
"He also criticized the tendency of countries to act individually rather than collectively, citing ASEAN members’ unilateral responses to US tariffs. As a remedy, he proposed “pathfinder multilateralism” — a model in which a smaller group of willing nations establishes new rules or standards without waiting for universal consensus. The idea, he said, is to create coalitions that are “incentive-compatible,” ensuring cooperation holds because interests align."
https://www.koreaherald.com/article/10617826
1 comment:
It will be interesting to see if this ends up forming. It isn't surprising that smaller countries are doing this in "retaliation" to the US. I just wonder if the short term hit they will have to take to from these coalitions will cause some to back out from the idea?
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