At CNN Global Perspectives events...a lively discussion about the influence of “middle powers”
Discussion in Doha on the role of middle powers in the global economy and strengthening alliances
Quick Look
Guests discussed with CNN anchor Richard Quest in Doha the role of “middle powers” in shaping the global economic order, amid calls for economic and political cooperation between these countries to confront major power competition.
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Why It Matters
Participants at CNN events in Doha discussed the role of middle powers in the global economy.
A number of guests joined CNN anchor Richard Quist to discuss how "middle powers" can help shape the global economic order, as part of CNN: Global Perspectives from the Qatari capital, Doha.
Earlier this year, Canadian Prime Minister Mark Carney - a former Governor of the Bank of Canada - called on middle powers, such as Canada, to work together as the world's largest economies compete for influence.
“The middle powers must act collectively,” Carney said during the annual meeting of the World Economic Forum in January. “If we are not at the negotiating table, we will be on the menu ourselves.”
For his part, Egypt's Minister of Investment and Foreign Trade, Mohamed Farid Saleh, pointed out that alliances are the way to raise "middle powers" to a higher level, explaining that the concept of middle power is based on cooperation with other countries, first economically, then politically.
As for Dima Al-Yahya, Secretary-General of the Digital Cooperation Organization, she proposed focusing inward - by enhancing local content and supporting leading national companies - to push the wheel of this economic cooperation towards horizons that transcend national borders, with the aim of maintaining “flexibility and self-sufficiency.”
Open Questions
- How will the middle powers implement this cooperation in practice?
