Manmohan Singh of Canada is the new PM Mark Carney, will compete with Donald Trump’s tariff policy?

Canada New PM Mark Carney and Manmohan Singh: The victory of Liberal Party leader Mark Karney in Canada has given the opportunity to remember former Prime Minister late Manmohan Singh in India. Although there is no direct connection between these two leaders, but there is a lot of similarity in the personality of both. Carney will now be the new PM of Canada. Manmohan Singh was identified in India and the world of a magnificent economist. The country made great economic progress during Manmohan Singh’s first Finance Minister and then being Prime Minister for 10 years. Like Manmohan Singh, Mark Carney is also a big figure in the economic world. Even today, he has more recognition as an economic expert than a politician.

Well -known economist
Both Mark Carney and Manmohan Singh are world famous economists. Carney has worked as the Governor of Bank of England and Bank of Canada. He took important policy decisions during the 2008 global economic recession and worked to overcome Canada from crisis. He is a specialist of global finance, business and monetary policy. Like Carney, the late Manmohan Singh first worked as the Finance Minister of India (1991–1996) and the Governor of the Reserve Bank of India. In 1991, he laid the foundation of economic liberalization. The deep understanding and experience of both of them makes them an extraordinary leader about global economic institutions.

Carney played an important role in stabilizing Canada and later Britain during the 2008 global financial crisis. Their policies strengthened banks and reduced the impact of economic recession. On the other hand, Manmohan Singh raised India from the payment crisis in 1991. At that time, India’s economy was on the verge of sinking, but the steps of liberalization, privatization and globalization gave the country a new direction. Then, as Prime Minister, India successfully dealt with the 2008 economic recession.

Role of reformer
Both Carney and Singh are reformist leaders. They emphasize long -term policies for economic development. Carney has advocated reforms in areas such as diversification of trade and clean energy in Canada. Their efforts to increase their trade and investment with India show their foresight.

Quiet personality
Both Carney and Manmohan Singh are the leaders of their calm nature. While many leaders emphasize emotional or populist speeches, both of them take decisions based on facts and analysis. Manmohan Singh was a low speaking leader. Carney is also famous for his diplomatic and logical style.

Issues in front of carney
In this federal election of Canada, Carney raised many major issues. His electoral strategy was mainly concentrated around US President Donald Trump’s tariff policies and Canadian sovereignty. It strongly reinforced the feelings of nationalism among voters. Apart from this, he also focused on economic and social issues. Carney made Trump’s 25 per cent tariffs (Steel, Aluminum, Auto Parts) and Canada the threats to make the 51st American state. He united voters by calling it an attack on Canada’s sovereignty and economy. Along with this, Carney redeemed his economic background. He was successful in assuring voters that he is capable of dealing with economic crises. In such a situation, he will have a challenge to deal with these two issues as soon as the PM is assumed.