Former Canadian Prime Minister Justin Trudeau challenges the relevance of global institutions. Speaking at CNBC's CONVERGE LIVE in Singapore, Trudeau argued that organizations like the WTO and IMF are "spectacularly ill-adjusted" to address modern geopolitical challenges. He highlighted how major powers including the U.S., China, Russia, and India selectively engage with international rules, destabilizing the traditional world order. Trudeau advocated for "microlateralism," where middle powers form smaller coalitions around shared interests rather than relying on large multilateral institutions. This reflects Canada's broader pivot under Prime Minister Mark Carney to recalibrate diplomatic relationships amid shifting global dynamics and U.S. trade policies.
