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The Rise of China and the Predicament of the Global Economy

By: Harrison Nugent

On August 4th, 1941, only eight weeks after the German invasion of the Soviet Union, British Prime Minister Winston Churchill and his Chiefs of the Defence Staff embarked on a perilous rendezvous across the Atlantic to discuss with President Roosevelt and an American delegation the “common principles” that should guide a post-war international order. It was in this time, at a top-secret conference in a desolate bay off of Newfoundland, that the foundation was established for a renaissance of the liberal world order, an “Atlantic Charter” not guided on Thucydidean notions of realism but instead a compact whereby international institutions, forging links between nations large and small, could promote and enforce a rule of law that encouraged fair and predictable forms of collaboration. …

Harrison Nugent

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