If you're not at the table, you're on the menu: Mark Carney's top Davos quotes4Photo© indiatoday.in

If you're not at the table, you're on the menu: Mark Carney's top Davos quotes

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Canadian Prime Minister Mark Carney said that the US-led global system of governance is enduring “a rupture," warning that the rules-based international order that has shaped world affairs for decades is fading amid intensifying great-power rivalry. Mark Carney delivered the speech to political and financial elites at the World Economic Forum, one day before US President Donald Trump was due to address the gathering in Davos.

Since entering Canadian politics last year, Mark Carney has repeatedly cautioned that the world would not return to a pre-Donald Trump status quo. He reaffirmed that message in remarks that did not name Donald Trump directly but offered a blunt assessment of the US President’s impact on global affairs.

“We are in the midst of a rupture, not a transition," Mark Carney said.

Mark Carney acknowledged that Canada had benefited from the old “rules-based international order," including from what he described as American hegemony that helped provide global public goods. Those included open sea lanes, a stable financial system, collective security arrangements and frameworks for resolving disputes, he said.