Valdai Paper #87: Trumponomics: The Erosion of Pax Americana and Slowdown of Globalization

06.06.2018

American-style globalization has reached its natural limit, which brings about ‘Trumponomics’ aimed to preserve American leadership from rising challengers, while the national interest turns into the absolute of the US policy.

Globalization, which used to be an inherent trait of American leadership, no longer serves American interests, facilitating the rise of global pretenders. In a bid to reverse the trend, the US administration took on the policy called ‘Trumponomics’, which manifests itself in protectionism, foreign policy based solely on the national interest, and the number of economic measures directed to bring back American wealth, and boost GDP growth through a fiscal stimulus and massive investments in infrastructure.

The side effects of this policy are trade wars, globalization slowdown, and allies rapidly becoming competitors in a leadership battle. What is behind the ‘Trumponomics’? Is there any chance to succeed? What is the scenario for the trade wars? Find the answers in a new Valdai Paper by Alexander Losev, acknowledged market analyst and chief executive officer at Sputnik Asset Management.


Related articles

Trump’s Trade Policy: Toward a Global Trade War?
14.08.2018
Notwithstanding Trump’s aggressive rhetoric towards Germany and the EU, there is a fundamental distinction between U.S. interests with respect to Europe, on one hand, and China, on the other hand.

Expert: 
Alan W. Cafruny

Category:
Expert Opinions
Two Significant Developments in US-Russian Relations
13.08.2018
In 2017-2018, there were two significant developments in US-Russian relations. The first was the re-establishment of contacts at the highest level, with the meetings between Presidents Putin and Trump

Expert: 
Angela Stent

Category:
Expert Opinions
Complete Denuclearization? Not Before the Korean War Is Officially Over
03.08.2018
No matter how long the current truce lasts, a bad peace is better than a good quarrel, and currently, the likelihood of a conflict on the Korean peninsula has been substantially reduced, Valdai Club

Category:
Expert Opinions

Calendar

Popular tags

Newsletter

Type your E-mail to subscribe to Valdai Club newsletter
Subscribe