Russia Wants to Remake Globalization in Its Own Image

Globalization and global institutions are in crisis, confronting varying levels of mistrust around the world. The Valdai Discussion Club, a group of Russian and foreign international affairs experts, assessed the global order. “Russians described Western-led neoliberal globalization as universally destructive economically, culturally, and politically and responsible for sparking a worldwide revolt,” explains Richard Weitz, senior fellow and director of the Center for Political-Military Analysis at Hudson Institute. The Valdai group did not anticipate that billionaire Donald Trump might win the US presidential election. During the campaign, Trump railed against globalization and cross-border trade while extending hope for improving relations with Russia. Economic partnerships and security cooperation are tough to envision from competitive leaders who do not hesitate to embrace authoritarian tactics. Besides, Russia’s President Vladimir Putin, determined to rebalance a Western-dominated world order, offers a rescue plan on his terms. That pits him against Trump with his campaign slogan, “Make America Great Again.”