The Biden presidency may revitalize an alliance of interests and values with other "advanced high-income democracies" around the world, writes Martin Wolf, Financial Times chief economics commentator.
Why it matters: Reconstructing America's relationships with global allies could smooth over the last four years of foreign policy under President Trump. President-elect Joe Biden has already received congratulations from a number of world leaders and spoken on the phone with some about working together.
- "I expect it will put the Russian president and his ideological acolytes in central and eastern Europe back in a box marked 'hostile,'" Wolf writes.
- "I expect, too, that Mr. Biden will make an effort to create an engaged, yet demanding, relationship with China ... Somehow, the US and China must learn how to confront, compete and co-operate, at the same time."
