Trump, Trade, and the End of Globalization, 1st Edition

  • David S. Jacoby
  • Published By:
  • ISBN-10: 1440861315
  • ISBN-13: 9781440861314
  • DDC: 382
  • 216 Pages | eBook
  • Original Copyright 2018 | Published/Released March 2019
  • This publication's content originally published in print form: 2018

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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.

Table of Contents

Front Cover.
Half Title Page.
Title Page.
Copyright Page.
Introduction: Trump, Nationalism, and a Future in the Balance.
1: Trade Past and Present (A Quick Primer).
2: Why the United States Is No Longer Competitive in International Trade.
3: Broader Problems with Trade—What’s behind Antiglobalism.
4: Is the World Trade Order Broken?.
5: Can Welfare States Survive in the Global Economy?.
6: Potential Trade Scenarios.
7: The Huge (But Hard to Quantify) Social Benefits of Trade.
8: How Mature Industrial Nations Should Forge the Neo-multilateralism.
Conclusion A Vision for Sustainable Global Growth through Trade.
Appendix Additional Common Markets and Political and Economic Associations.
About the Author.