Keyword:Trump

Woody Wood @ Flickr.com Woody Wood @ Flickr.com

Downgrading or Upgrading NAFTA?
NAFTA’s economic pros and cons in a nutshell


Negotiations on the North American Free Trade Agreement will go into the third round this weekend (23-27 September) in Ottawa. In the talks, which are always burdened by critical statements and Twitter messages from US President Donald Trump, however, all options still seem to be on the table. Both a successful modernization of the trade deal as well as a complete failure of the negotiations and a possible withdrawal from NAFTA are conceivable. More ...

asia post title

GED Focus Paper: Trump & Brexit – European-Asian Economic Relations Under New Conditions
Asia and Europe need each other and there is more room to intensify interregional cooperation


The Economic Ministers of the 53 member states of the Asia-Europe Meeting (ASEM) are convening in Seoul from September 21 to 22, 2017. Given the rising protectionism worldwide and especially U.S. president Donald Trump’s nationalistic economic policy, we argue that this meeting is an opportunity to signal good economic cooperation beetween Asia and Europe. More ...

Tony Webster @ Flickr.com Tony Webster @ Flickr.com

The Global Impact of a Protectionist US Trade Policy
What can theory tell us about how Trump's trade policy might affect the world economy?


Since the election of Donald Trump, there has been a growing danger that U.S. trade policy increasingly relies on protectionist measures. The aim of this policy is to secure jobs and income in its own country. In reality, however, protectionist measures mean that the weakening of international trade triggered by the U.S. is leading to a loss of income worldwide, especially in the U.S. More ...

IoSonoUnaFotoCamera @ flickr.com IoSonoUnaFotoCamera @ flickr.com

Populist economic policy - what does it mean for the global economy?
What are the typical signs of populist economic policies and how will they affect us in the long run?


A populist economic policy aims to offer citizens a life beyond their current means. The costs of this short-term increase in prosperity are inflicted on future generations. This article describes what macroeconomic consequences can be expected if large industrial nations such as the US pursue this path in their economic policy. More ...

Gage Skidmore @ flickr.com Gage Skidmore @ flickr.com

Presidential Powers and International Trade: How Far Can Trump Go?
An array of tools could spell challenges for the international community


Many were struck by the ease by which the new US President could just undo several years of hard negotiation and knock-out one of the potentially biggest free trade agreements in history, the Trans-Pacific Partnership (TPP), from coming into existence. Keeping this in mind, it seems worthwhile to take a closer look at what powers on trade the President actually has – and at the checks and balances in place. More ...

SumOfUs @ flickr.com SumOfUs @ flickr.com

How Trump’s Actions Reshuffle Trade Relations in the Asia-Pacific
As the TPP seems knocked-out, Asian countries need to rethink trade coalitions


Trump’s executive order to pull the US out of the TPP is one decisive example of the geopolitical and economic implications of the new president’s trade policy: Not only does the pullback of the US force Asian countries to reassess years of trade negotiations as well as the challenges that lie ahead. It also reshuffles the geopolitics of trade in the Asia-Pacific and potentially makes room to China to reassert its role in this very region. More ...

Dr Case @ flickr.com Dr Case @ flickr.com

What Drives Populism in Europe?
From Globalization to Migration – An analysis of the existing academic literature


2016 has been a year of rising populism for Europe and the world. From Brexit to Trump, from UKIP to the AfD, it seems that pandering to emotions instead of appealing to facts has become more and more a winning strategy. We want to know why. In a comparison of four distinct studies, this blogpost summarizes the most recent findings to try to explain the rise and appeal of populism in Europe. More ...

Street art Obama, Merkel & Putin, picture by Lord Jim @ flickr.com Street art Obama, Merkel & Putin, picture by Lord Jim @ flickr.com

EU-Russia Sanctions: An Unsteady Deadlock
What's next for EU-Russia relations?


The European Union and Russia have been locked in an economic struggle over Ukraine for two years. With Donald Trump the next president of the United States, the West’s Russia policy might substantially change – and Europe’s Eastern policy is today more uncertain than ever More ...

frankleleon @ flickr.com frankleleon @ flickr.com

Why the USA Needs a Current Account Deficit
Could Trump's protectionist plans be doubly harmful?


Once he has taken office in January 2017, Donald Trump is planning to implement protectionist measures in order to reduce the American current account deficit and thus boost the US economy. In this post we will show that the USA actually needs a current account deficit at the moment. This is the only way of financing the high level of consumption and investment. More ...

Montage Global Panorama and knowmadic news @ flickr.com Montage Global Panorama and knowmadic news @ flickr.com

US-China Relations – The Next Big Issue for America’s New President
Is China stealing America's spotlight?


Trump vs. Clinton – On 8th November, the USA elects a new president. During the campaign, China was portrayed as the embodiment of globalization trends and held responsible for what appear to be the increasingly negative effects of globalization on the USA’s economy. Will the USA, once the most prominent champion of free trade, become drawn into a downward spiral of protectionism? More ...