tv Business - News Deutsche Welle October 5, 2022 5:15am-5:31am CEST
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an international winger has now scored in all 3 of buyers, champions, leagues, clashes this season. the barbarians are sitting pretty atop their group with a perfect record so far. and let's get you a reminder of the top new story we have for the shower drain force have retaken more territory in areas claimed by moscow in the south president vladimir laskey said his troops have liberated dozens of town this week alone in the 4 regions at russia illegally annexed fast week. don't go anywhere. next, we have a special program on globalization. we'll have more few without the actual nico is in germany to learn german lodge, benita, why not learn with him online, on your mobile and free t w e learning course, nikos vague. ah
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the last 56 years, but also how much of it has been directed against the globalization. the from rising populism to a global pandemic, and war in europe. the consequences are ready by saying stagflation trade all talk, the trade was, worry you cry. i know it's a difficult load. our revenue actually never before has the post war economic order been on such chafie trans routes. it is a, you know, he wants to get rid of the states in this video will unravel some of the threads of what is done increasingly handled. story will look at the complicated relationship between the united states and china. when turn is it's when, when it often means trying to wants to ring twice. geopolitical conflicts and crises are re forging alliances. paging had under
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siege and paying had seen, who as allied in their common resentment of the united states has some countries are finding themselves in a tricky balancing act between friends i'm supposed to be sure what you say it says survival issue. that's all coming up on business beyond for the best part of a century, the united states have been the world's undisputed economic superpower. after world war 2, inexperienced, enormous growth driven by ramp and consumerism and a growing faith in free enterprise. ah, the fall of communism in 1989 further solidified faith in western that system. economic barriers style of countries rushed to fill demand in an ever more connected global marketplace. the effect on world trade was dramatic. in
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$195063000000000.00. within 10 years that figure had more than doubled. and by 1990, it multiplied $34.00 to $3.00 trillion dollars. in 2020, it's stored at more than 17 trillion. but in recent years, we've seen a backlash against globalization, and many economists think it was the global financial crisis that set the stage for the shift we're seeing today. the whole model, our capitalist model, i mean, maybe we'd more social characteristics in europe, but still, i was put was tested on a reading level out circuit, china. but even russia was that our model was very fragile in the financial crisis, was followed a few years later by a rise in both populate them authoritarianism around the world.
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when you look at trends, especially and not only the rise of china, the china under, she'd be more aggressive, broad, aggressive term. you've got a very different context now. when it comes to shifting power dynamics on the global economic stage, no story can rival that of the united states and china, a $900.00 ac, china's g d p accounted for less than 3 percent of total global i put with the us accounting for more than a 3rd since then it's played an extraordinary game of catch up. the u. s. share of global g d p. have fall into less than 25 percent with china. and i would think for over 18 percent china would like to be in the position that it has been historically way back in the day where it was center and
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others interacted with china in a ways that gave china desperately in china. could keep everything under control and have it go their way. claire read negotiated for the us on trade with china, from 2006 to 2014. she says, china long term goal is to dominate future proof industries like artificial intelligence, semi conductor ship and pharmaceutical for china to acquire the kind of international influence, the u. s. has had for decades, it will need to deepen its relationships, although not a formula line. the bricks, that's brazil, russia, india, china, and south africa has attracted some attention in china. the think from media has praised the bricks alliance for boosting. what it called non western styles of multilateralism. but alliances don't guarantee harmony. the relationship between china and india, both bricks members is
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a good case in point home to 1400000000 people. india is the worlds fastest growing big economy. but its relationship with china is currently overshadowed by a fraction border dispute. tens of thousands of soldiers from both sides are stationed on the more than 3000 kilometer long border. hardly a solid foundation for an ever deepening. he cannot make union in short say that this is actually an armed, made at the moment. and this is also spilling or in political, economic, strategic issues as well. no surprise then that india has been courses by the us as part of its own trade off with china. it's part of the new us lead indo pacific economic framework, a free trade pact of 14 mostly asian nations,
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which excludes china the indian chinese relationship isn't the only complicated one within bricks. india is also facing a tricky balancing act in its relations with russia. its failure to take clear stance on the war and ukraine and its decisions by more russian energy have rates rise. but commentators point out that historically sales of russian golf to europe have been far more significant. and that criticism of india purchase as this here are being taken out of context. this year is an exception. but if you look at the last 70 years, they totally import it no more than that. they're not at the most. while in for something like a $100000000000.00 from the middle east. so nowhere in proportion as when we say the russian energy complement in the energy basket.
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so i think it is an exaggeration, probably lack of inflammation. questions of energy dependence have come to the 4th and thrushes invasion of ukraine. the repeal countries rushed to lessen that dependence on russian. gov and western sanctions aim to cut moscow at the financial system. it's no wonder at the flood of mere poodle is among those pushing her hard for an alternate order this morning. as mature over the past decade, new powerful centers have been formed on the planet. clearing themselves louder and louder. each of them develops its own political systems and public institutions and implements its own models of economic growth in the amount of course, as the right to protect the can you to ensure national sovereignty shoot united states? you know, some really neat yet, but the war in ukraine has put pressure on countries that may have been ready to align themselves with russia. shortly before the war,
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china and russia declared that there were no limits to their strategic partnership . but so far, there's little evidence that china is willing to break western sanctions on russia . but russia and china is growing bond under the leadership institute. and then she does appear to have one water tice element from joint opposition to a us lead global order aging. under she didn't, paying has seen her as allied in their common resentment of the united states and the u. s. global leadership, as, as a superpower. and what they see as interference in their domestic internal affairs, criticism of their political systems, pressure to change their economies address, human rights, et cetera. and so that alignment is probably gone further than most expected. china
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may want the united states to stay out of business, but the reality is the 2 countries economies are deeply entangled. despite detentions of recent years, which saw the countries flat tire of san each other goods from china and the us remain each other. the biggest individual trading partners, us trade with china, has grown massively in recent decades. but as you can see here, it's an on even relationship with the united states importing far more from china than it exports. that has led to cold for the united states to decouple, in other words, disentangling, tell from china. but it's not realistic. if the united states tried to de couple entirely from china, it would be very harmful to our economy. it would probably be harmful to our innovation. it would just have other economies
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industries step in where the united states stepped out. so it wouldn't work. decoupling probably wouldn't be a very good idea for china either. china also knows that its larger economic faith lives with the rest of the world. and even though it has this tense relationship with the united states and others, it is you know, most of it's academic growth that's been dependent on globalization with the rest. the world needs to find a way to balance those things. at the beginning of this video, we are whether we're at the dawn of a new global economic age. if it's a case of a us versus a chinese lead system, the differences are major. the market lead system of the u. s. favors a lack of government intervention that chinese system favors had the state
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involvement. ah, they have reinvigorated support for state enterprises really focused on indigenous using technology. achieving, trying to achieve self reliance, not done what previous leaders have done and trying to manage and maintain a healthier constructive relationship with the united states and the west. and so what i'm talking about, what kind of order china would like. it's really what kind of order a sheet and thing led china would like, which is a world safe for state capitalist authoritarian systems. so could opposition to a chinese inspire to protection of order be strong enough to push back the tides. think it's a realistic hope that there could be a backlash, backlash, that large numbers of people, maybe even a clear majority in many will realized that nationalism,
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that protectionism and rivalry close it miss. it's all worse for them than being more open, engaged in having political police is worse than signing up the turmoil on least by the global financial crisis of 2008 and 9. and more recently, the pandemic and war in ukraine have laid fair and new truth blind faith and globalization have come to an end with the co africa. droughts are hitting rwanda. heard this here. now the government is taking action by providing free access to ground water and teaching people how to use it to sustainably power level. firstly,
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everyone is responsible for protecting us with jeff. secondly, we have to know how to use the water without wasting it. eco africa next on d w. how about taking us? you read? you could even take a chance on what i, raring to. ah, don't expect to happy ending. literature list 100 germany b o. ah, with do you love us and all the beautiful things in life later in today's so won't explore ideas.
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