Cold Peace in a Less Globalised and Heating World

Abstract

The world is in a cold peace which is peace without being secure. At the heart of the cold peace is the competition between China and the USA. The cold war will not return because the old and new great powers simply are not as powerful as the old duellers at the start of the cold war. Other important powers, like the EU, Japan, and Russia, have significant roles in determining the outcome.

However, the intense competition between China and the USA has dire consequences for the future of humanity. It fuels nationalism and xenophobia and makes them less capable of addressing domestic issues, such as inequality, misinformation, ageing, etc. It also dims the hope for meaningfully tackling global issues like global warming, which requires a global innovation and mass production system to change the fundamental calculation of economic development and climate policies.

Citation

Chi, Z. and Chen, B. (2023), "Cold Peace in a Less Globalised and Heating World", Chatterji, M., Luterbacher, U., Fert, V. and Chen, B. (Ed.) Globalisation and COVID-19 (Contributions to Conflict Management, Peace Economics and Development, Vol. 31), Emerald Publishing Limited, Leeds, pp. 107-118. https://doi.org/10.1108/S1572-832320230000031006