The trickiest problem for South Korea’s diplomacy is balancing the country’s relationships with the United States, China and Japan. Success hinges on consistent pragmatism in both domestic and international affairs.

Today’s international order is shaped by “orbital bipolarity,” dominated by the United States and China, with secondary powers navigating their influence; Europe is limited in its role, China acts cautiously, Russia capitalizes on Western hesitation, and Ukraine remains trapped in the conflict.

Whether the dream is making America great again or the great rejuvenation of the Chinese nation, the aspirations of the two countries’ respective peoples for a better life should drive every decision. Neither people will succeed without a sound external environment. Slogans are not enough.

Conventional thinking would assume the Trump administration’s haphazard approach to China will become an articulated stance at some point, but the U.S. president is anything but conventional.

The Alaska Summit signals a revival of major power coordination, with Europe determined not to forsake the peace dividends it has accrued over the decades. Seasoned by centuries of geopolitical maneuvering, European powers are poised to actively shape their own destinies rather than succumb to the will of others.

The legacy of Donald Trump may endure if only because he triggered a new global order through the law of unintended consequences. He has set in motion a major power shift in which China — aligning with India, Russia and key trade blocs — will become the global captain over the next 10 to 20 years.

While presidents Donald Trump and Vladimir Putin both got something out of the virtual bust, Europe and Ukraine are actually relieved that they failed to reach an agreement. This not only preserves Europe’s dignity but keeps the door open for future negotiations.

Actual improvement of the bilateral relationship between the United States an Russia should be helpful in ending the war in Ukraine. Virtually any effort that facilitates sustainable peace is worthy of China’s support. So the meeting in Alaska does not need to be interpreted as unproductive.

The summit could mark a turning point in U.S.-Russia relations and lead to a rewriting of the geopolitical playbook. For China, the lesson is that it must hold fast to its principles, maintain strategic composure and pursue its interests on its own terms.

U.S. policy in Latin America has acquired some new characteristics. While it retains the basic shape of the centuries-old Monroe Doctrine, it has now been enhanced with Donald Trump’s peculiar transactional and bullying style.