The Global Transactionalism Playbook
Has diplomacy become a series of transactions?
Trump and Putin spoke on the phone, agreeing to start talks on how to end the war in Ukraine. This shows a broader reality: diplomacy today is increasingly transactional. Trump’s transactionalism is often put as uniquely American, but it reflects a broader global trend. China uses debt-trap diplomacy to expand influence. India hedges between the West an…
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