April 27, 2016

Kevin Rudd: There Is a Global Demand for Effective Global Governance

We have a global order with many stresses and challenges. There is a global demand for effective global governance,” said Mr. Rudd. Over the last 25 years, there has been an ongoing integration of Asia into the world economy, while the present and future of regional institutions and associations remain an important issue. Eurasia, a heterogeneous region, combines advanced and lagging regional players, which should be considered while building networks of partnerships.Rudd also stressed the importance of Australia’s economic partnership agreements with China. Their mutual trade amounts to 22% of Australia’s total trade turnover. Australia’s other key economic partners in the region, according to Rudd, are Japan and India, the economic giants of Asia. Bilateral relations between Russia and Australia are now in a state of decline, it should also be improved, he noted. It is necessary to clearly understand the similarities and common problems to begin constructive work. “That’s why I’ve come here – in order to understand Russia”, – Rudd said. “There must be continuing and full-scale cooperation between the great powers. Then it would be possible to gain stability in the global world order. I am a foreign policy realist. Some say, this is a contradiction of terms. I don’t.

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