The Global Trump: Structural US Populism and Economic Conflicts with Europe and Asia

Description

What lies behind the Trump victory of 2016 and the US' new raft of economic policies? Is a populist presidency in the United States likely to be a temporary phenomenon or a structural long-term challenge? In an era of declining multilateralism, what can the US still stand to learn from Europe, where several countries have effective lifetime economic welfare equal to that of the US - and what can the EU learn from the US in return? Furthermore, what international economic dynamics can be expected from the Sino-US trade conflict and can globalization be maintained? In this timely volume, Paul Welfens provides a rare, clear-sighted and scholarly analysis of the global problems created by Trump's protectionism and economic policy. He leverages his understanding of these problems to make concrete policy suggestions that could help prevent the world economy from falling back into a variant of the Great Powers regime of the late nineteenth century. Front Matter ....Pages i-xxx Front Matter ....Pages 1-1 Introduction (Paul J. J. Welfens)....Pages 3-17 Inequality, US Survey Results and Economic Analysis: The Case for Structural Trumpism (Paul J. J. Welfens)....Pages 19-100 Protectionist US Policy and Expansionary Fiscal Policy: Ongoing Contradictions (Paul J. J. Welfens)....Pages 101-138 Front Matter ....Pages 139-139 Trade, Employment and Transatlantic Policy Aspects (Paul J. J. Welfens)....Pages 141-166 EU Reform Problems and the Rise of Populism in Europe (Paul J. J. Welfens)....Pages 167-195 Back Matter ....Pages 197-215 Front Matter ....Pages 217-217 US-Asia-EU Perspectives (Paul J. J. Welfens)....Pages 219-240 China Risks and Challenges (Paul J. J. Welfens)....Pages 241-250 Front Matter ....Pages 251-251 Policy Conclusions for International Organizations (Paul J. J. Welfens)....Pages 253-260 International Policy Conclusions (Paul J. J. Welfens)....Pages 261-280 Canada, the US and Eurozone: Implications for US Reforms (Paul J. J. Welfens)....Pages 281-306 Back Matter ....Pages 307-356