In The News

Globalization’s Last Gasp

Barry Eichengreen November 23, 2016
World trade was slowing and protectionist tendencies were apparent years before the British vote to leave the European Union and Donald Trump’s winning the US presidential election. “It means that the benefits of openness and specialization are being squandered,” suggests Barry Eichengreen, a professor of economics, for Project Syndicate. “So far, slower trade growth has been the result of slower...

Donald Trump and the Coming Test of International Order

Uri Friedman November 21, 2016
Foreign policy experts suggest that Trump may pose a test to the post-WWII international order, led by the United States and shaped by alliances, an open economy and support for liberal institutions. For seven decades, Republican and Democratic administrations argued in favor such an order and assumed that the consequences of collapse would be enormous. Uri Friedman interviews several experts for...

How Donald Trump Can Fight Globalization

Chris Matthews November 18, 2016
Globalization infiltrates every part of business and life, and most citizens may not even notice some of the trends in which they participate. US President Barack Obama noted while in Germany while adding that governments could do more to explain the complexities and ease hardships. “Make America Great Again” and “America First” of the Trump campaign were easy slogans that appealed to voters,...

Goodbye Globalization

Matt Phillips November 16, 2016
The US president-elect plans to increase jobs by ending trade that does not benefit the United States. That assumes the US is self-sufficient and that other countries might go along. Instead, the other countries, especially China as the world’s largest market and soon to be largest economy, will retaliate while possibly continuing trade with one another. Meanwhile, US prices will soar and quality...

The Age of Pain

William Davies November 15, 2016
Populism arises out of grievances. “At what point do we attribute denunciations to the state of the world, and at what point to the state of the individual making them?” writes William Davies for New Statesman, adding that “the line separating ‘public politics’ from ‘private distress’ is culturally constructed, and not always very clear, even as we seek to police it.” Populist movements offer...

China and the US: Two Visions, One Collaboration?

Marc Grossman November 15, 2016
Donald Trump promised during the US presidential campaign to be tough on trade with China, suggesting he would label the country a currency manipulator and impose tariffs unless trade agreements were renegotiated. Trade is likewise threatened with China’s expansive claims and military buildup in the South China Sea. But the world’s two largest economies have reason to cooperate in Asia, argues...

Trump Spells End of Normality for Europe

Melanie Amann, Horand Knaup, Martin Knobbe, Peter Müller, Ralf Neukirch, René Pfister, Michael Sauga and Christoph Schult November 14, 2016
Donald Trump vowed to upend the establishment. German leaders also expect the next US president to upend European politics, fueling populist parties and encouraging fragmentation of the European Union as right-wing politicians lure working-class voters with big promises of restoring jobs by ending immigration. German-US relations enter unknown territory. “Will the next US president become the...