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Trump, Trade, and the End of Globalization

Trump, Trade, and the End of Globalization
Author: David Steven Jacoby
Publisher: Bloomsbury Publishing USA
Total Pages: 217
Release: 2018-06-15
Genre: Political Science
ISBN: 1440861315

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Provides a roadmap for mature industrialized countries to contribute to and benefit from global trade on new terms. Global trade is heading toward chaos. Globalization has in part been a zero-sum game over the last 20 years, as China's middle and upper classes have grown sharply while Western economies have stagnated. Wealthy countries, most notably the United States and the United Kingdom, are now on the brink of abandoning free trade as it includes both the principles and the theories behind it because their economies cannot compete with those of China and some developing countries. Prevailing protectionist attitudes and policies are based on short-term thinking and will disappoint future generations. According to author David S. Jacoby, a "new multilateralism" can provide a way out of this impending disaster by preserving innovation and growth while also curbing the impact of countries that manipulate currency, disparage the environment, and violate human rights. Jacoby clearly explains how industrialized nations can compete on a basis of differentiated technology and innovation while letting developing countries compete on a basis of manufacturing, components, and materials and makes a strong case for why the West should recommit to global trade.


Trump, Trade, and the End of Globalization

Trump, Trade, and the End of Globalization
Author: David S. Jacoby
Publisher: Praeger
Total Pages: 0
Release: 2018-06-15
Genre: Business & Economics
ISBN: 1440861307

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Introduction: Trump, nationalism, and a future in the balance -- Trade past and present (a quick primer) -- The U.S. time bomb that blew up in 2016 -- Broader problems with trade--what's behind anti-globalism -- Is the world trade order broken? -- Can welfare states survive in the global economy? -- Potential trade scenarios -- The huge (but hard to quantify) social benefits of trade -- How mature industrial nations should forge the new multilateralism -- Conclusion: a vision for sustainable global growth through trade


Trump, Trade, and the End of Globalization

Trump, Trade, and the End of Globalization
Author: David Steven Jacoby
Publisher: Bloomsbury Publishing USA
Total Pages: 156
Release: 2018-06-15
Genre: Political Science
ISBN:

Download Trump, Trade, and the End of Globalization Book in PDF, ePub and Kindle

Provides a roadmap for mature industrialized countries to contribute to and benefit from global trade on new terms. Global trade is heading toward chaos. Globalization has in part been a zero-sum game over the last 20 years, as China's middle and upper classes have grown sharply while Western economies have stagnated. Wealthy countries, most notably the United States and the United Kingdom, are now on the brink of abandoning free trade as it includes both the principles and the theories behind it because their economies cannot compete with those of China and some developing countries. Prevailing protectionist attitudes and policies are based on short-term thinking and will disappoint future generations. According to author David S. Jacoby, a "new multilateralism" can provide a way out of this impending disaster by preserving innovation and growth while also curbing the impact of countries that manipulate currency, disparage the environment, and violate human rights. Jacoby clearly explains how industrialized nations can compete on a basis of differentiated technology and innovation while letting developing countries compete on a basis of manufacturing, components, and materials and makes a strong case for why the West should recommit to global trade.


From Global to Local

From Global to Local
Author: Finbarr Livesey
Publisher: Vintage
Total Pages: 224
Release: 2017-09-19
Genre: Business & Economics
ISBN: 1101871229

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This brilliantly original book dismantles the underlying assumptions that drive the decisions made by companies and governments throughout the world, to show that our shared narrative of the global economy is deeply flawed. If left unexamined, they will lead corporations and countries astray, with dire consequences for us all. For the past fifty years or so, the global economy has been run on three big assumptions: that globalization will continue to spread, that trade is the engine of growth and development, and that economic power is moving from the West to the East. More recently, it has also been taken as a given that our interconnectedness—both physical and digital—will increase without limit. But what if all these ideas are wrong? What if everything is about to change? What if it has already begun to change but we just haven't noticed? Increased automation, the advent of additive manufacturing (3D printing, for example), and changes in shipping and environmental pressures, among other factors, are coming together to create a fast-changing global economic landscape in which the rules are being rewritten—at once a challenge and an opportunity for companies and countries alike.


The End of Globalization

The End of Globalization
Author: Harold JAMES
Publisher: Harvard University Press
Total Pages: 272
Release: 2009-06-30
Genre: Business & Economics
ISBN: 0674039084

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Globalisation is here. This text provides an historical perspective, exploring the circumstances in which the globally integrated world of an earlier era broke down under the pressure of unexpected events.


Getting the 'Message' on Free Trade

Getting the 'Message' on Free Trade
Author: Sara A. Dillon
Publisher:
Total Pages: 44
Release: 2018
Genre:
ISBN:

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During the presidential campaign of 2016, Donald Trump successfully marshaled years of repressed popular anger over job losses and the erosion of the middle class, caused in part by a globalizing economy and the movement of the American manufacturing base to other parts of the world. Although a great deal of job loss in the American “heartland” was caused by automation, there is little doubt that many factories were closed and moved abroad with no regard for the devastated middle-class workers left behind. This outsourcing of the American workforce was the result of free trade laws devised in the 1990s, resistance to which mainstream politicians and scholars had largely failed to take seriously. Trump articulated and channeled this populist anger, while ignoring the opportunistic role played by American corporations in taking advantage of free trade rules to move their operations abroad in pursuit of greater profitability. Trump also distorted public understanding of the problem by emphasizing the idea that other countries had “taken advantage of” and “ripped off” the United States. In this, he relied on an untapped well of resentment among American workers, seducing voters with the promise that he could renegotiate these deals and restore a lost economic world in which they had felt more secure.This article argues that global free trade and the laws that support it have complex purposes, and mixed economic effects. While job losses have occurred, globalization has also brought about benefits in terms of peace and international understanding. This article also explores the important legal question of whether and how one president is capable of bringing down the entire world trading system, built up over several decades. In addition, the reasons behind the obvious failure of trade law specialists to confront the contradictions posed by free trade doctrine, and the extent to which they failed to prescribe remedies for its adverse fallout are also analyzed in depth. Finally, this article suggests possible remedies to protect American workers against the ill effects of labor outsourcing, but notes that few if any American politicians have seriously pursued such remedies, for instance by drafting statutes to that end. Empowering workers in corporate decision making and imposing serious penalties on corporations when jobs are lost through outsourcing are methods that have scarcely been tried.


Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump

Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump
Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
Total Pages: 476
Release: 2017-11-28
Genre: Business & Economics
ISBN: 0393355225

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An International Bestseller "Accessible, provocative, and highly readable." —Alan Cowell, New York Times In this crucial expansion and update of his landmark bestseller, renowned economist and Nobel Prize winner Joseph E. Stiglitz addresses globalization’s new discontents in the United States and Europe. Immediately upon publication, Globalization and Its Discontents became a touchstone in the globalization debate by demonstrating how the International Monetary Fund, other major institutions like the World Bank, and global trade agreements have often harmed the developing nations they are supposedly helping. Yet globalization today continues to be mismanaged, and now the harms—exemplified by the rampant inequality to which it has contributed—have come home to roost in the United States and the rest of the developed world as well, reflected in growing political unrest. With a new introduction, major new chapters on the new discontents, the rise of Donald Trump, and the new protectionist movement, as well as a new afterword on the course of globalization since the book first appeared, Stiglitz’s powerful and prescient messages remain essential reading.


The Levelling

The Levelling
Author: Michael O'Sullivan
Publisher: PublicAffairs
Total Pages: 0
Release: 2019-05-28
Genre: Business & Economics
ISBN: 9781541724068

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A brilliant analysis of the transition in world economics, finance, and power as the era of globalization ends and gives way to new power centers and institutions. The world is at a turning point similar to the fall of communism. Then, many focused on the collapse itself, and failed to see that a bigger trend, globalization, was about to take hold. The benefits of globalization--through the freer flow of money, people, ideas, and trade--have been many. But rather than a world that is flat, what has emerged is one of jagged peaks and rough, deep valleys characterized by wealth inequality, indebtedness, political recession, and imbalances across the world's economies. These peaks and valleys are undergoing what Michael O'Sullivan calls "the levelling"--a major transition in world economics, finance, and power. What's next is a levelling-out of wealth between poor and rich countries, of power between nations and regions, of political accountability from elites to the people, and of institutional power away from central banks and defunct twentieth-century institutions such as the WTO and the IMF. O'Sullivan then moves to ways we can develop new, pragmatic solutions to such critical problems as political discontent, stunted economic growth, the productive functioning of finance, and political-economic structures that serve broader needs. The Levelling comes at a crucial time in the rise and fall of nations. It has special importance for the US as its place in the world undergoes radical change--the ebbing of influence, profound questions over its economic model, societal decay, and the turmoil of public life.


Us vs. Them

Us vs. Them
Author: Ian Bremmer
Publisher: Penguin
Total Pages: 208
Release: 2018-04-24
Genre: Political Science
ISBN: 0525533192

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New York Times bestseller "A cogent analysis of the concurrent Trump/Brexit phenomena and a dire warning about what lies ahead...a lucid, provocative book." --Kirkus Reviews Those who championed globalization once promised a world of winners, one in which free trade would lift all the world's boats, and extremes of left and right would give way to universally embraced liberal values. The past few years have shattered this fantasy, as those who've paid the price for globalism's gains have turned to populist and nationalist politicians to express fury at the political, media, and corporate elites they blame for their losses. The United States elected an anti-immigration, protectionist president who promised to "put America first" and turned a cold eye on alliances and treaties. Across Europe, anti-establishment political parties made gains not seen in decades. The United Kingdom voted to leave the European Union. And as Ian Bremmer shows in this eye-opening book, populism is still spreading. Globalism creates plenty of both winners and losers, and those who've missed out want to set things right. They've seen their futures made obsolete. They hear new voices and see new faces all about them. They feel their cultures shift. They don't trust what they read. They've begun to understand the world as a battle for the future that pits "us" vs. "them." Bremmer points to the next wave of global populism, one that hits emerging nations before they have fully emerged. As in Europe and America, citizens want security and prosperity, and they're becoming increasingly frustrated with governments that aren't capable of providing them. To protect themselves, many government will build walls, both digital and physical. For instance... * In Brazil and other fast-developing countries, civilians riot when higher expectations for better government aren't being met--the downside of their own success in lifting millions from poverty. * In Mexico, South Africa, Turkey, Indonesia, Egypt and other emerging states, frustration with government is on the rise and political battle lines are being drawn. * In China, where awareness of inequality is on the rise, the state is building a system to use the data that citizens generate to contain future demand for change * In India, the tools now used to provide essential services for people who've never had them can one day be used to tighten the ruling party's grip on power. When human beings feel threatened, we identify the danger and look for allies. We use the enemy, real or imagined, to rally friends to our side. This book is about the ways in which people will define these threats as fights for survival. It's about the walls governments will build to protect insiders from outsiders and the state from its people. And it's about what we can do about it.


Superpower Showdown

Superpower Showdown
Author: Bob Davis
Publisher: HarperCollins
Total Pages: 441
Release: 2020-06-09
Genre: Business & Economics
ISBN: 0062953060

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This is the inside story of the US–China trade war, how relations between these superpowers unraveled, darkening prospects for global peace and prosperity, as told by two Wall Street Journal reporters, one based in Washington, D.C., the other in Beijing, who have had more access to the decision makers in the White House and in China’s Zhongnanhai leadership compound than anyone else. The trade battle between China and the U.S. didn’t start with Trump and won’t end with him, argue Bob Davis and Lingling Wei. The two countries have a long and fraught political and economic history which has become more contentious over the past three years—an escalation that has negatively impacted both countries' economies and the world at large—and holds the potential for even more uncertainty and disruption. How did this stand-off happen? How much are U.S. presidents and officials who haven't effectively confronted or negotiated with China to blame? What role have Chinese leaders, and U.S. business leaders who for decades acted as Beijing’s lobbyists in Washington, played in driving tensions between the two countries? Superpower Showdown is the story of a romance gone bad. Uniquely positioned to tell the story, Davis and Wei have conducted hundreds of interviews with government and business officials in both nations over the seven years they have worked together writing for the Wall Street Journal. Analyzing U.S.–China relations, they explain how we have reached this tipping point, and look at where we could be headed. Vivid and provocative, Superpower Showdown will help readers understand the context of the trade war and prepare them for what may come next.