I think we want to keep a world order in which there is the rule of law and we have a rules-based world order in which countries can trade within a lawful system. We get into that only through promoting these values around the world and promoting movements in countries that want rules-based order in their own countries. If we have that, I think we will have a more open trading system. I think we have to find the right balance between defending our own sovereignty in many different areas and finding forms of international co-operation. I think we as an international community are struggling with that now.
Some countries are reacting against the pressures of globalization, but the need to maintain a rules-based international order is critical. If we can do that, I think that trade will proceed and will encourage economic growth. A lot of what China is doing today through its belt and road initiative is not promoting a rules-based international order. This is a geopolitical instrument that China is using. We've seen backlashes against this in countries like Sri Lanka, the Maldives and Malaysia. The Malaysian election in May was a reaction against the corruption encouraged in the way the Chinese are expanding their economic influence in other countries by buying off elites.
We need to defend the rules-based order. I think that's what's critical.