Middle powers make like an armadillo in a challenging world
Would-be architects of a future global order should take heed
Would-be architects of a future global order should take heed

We are living in a ‘barbell’ world where international threat meets technological opportunity

Rather than unleashing a new multi-polar era, US retreat has left states scrapping for advantage in an ill-defined order

But it relies on a host of rosy assumptions going in investors’ favour

So much economic conflict, so many feelings

Sometimes we forget to acknowledge our multiple identities

Power flows less from size or wealth than from the ability to convert imbalance into leverage