In simple terms, the quote suggests that a significant aspect of a nation's foreign policy revolves around maintaining positive relations with its powerful neighboring country, specifically highlighting the United States as an example. It emphasizes the deep economic ties and mutual benefits between these two nations through trade and investment.
The deeper meaning behind this statement underscores the importance of geopolitical relationships and how they influence international economics. The quote highlights that while a country might have numerous foreign policy objectives, maintaining good relations with its powerful neighbor often takes precedence due to the significant economic impact it has. Trade volumes and mutual investments between such countries are typically vast, making these relationships crucial for economic stability and growth. This interconnectedness also means that issues or tensions in this relationship can have far-reaching consequences for both nations' economies.
Margaret MacMillan is a renowned Canadian historian known for her extensive work on international relations and the history of the twentieth century. She holds positions at prestigious institutions such as Oxford University and the University of Toronto, where she contributes to academic discussions on global politics and historical analysis. Her insights often delve into the complexities of diplomatic relationships and their impact on national policies and economies.