Like NAFTA, etc.
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According to the economic
law of comparative advantage, the whole world has benefited from the enormous
expansion of international trade since 1980. But over the past decade, few
countries have acted like they believe it. GIS experts look at the roots and
likely future course of protectionism’s global resurgence.
The United Kingdom’s
chances for an amicable divorce from the European Union depend above all on
reaching an understanding with Germany. But in the Brexit negotiations, German
interests will clash with German scruples. The latter may very well prevail.
Dr. Michael Wohlgemuth
Sluggish international trade in recent years has given reasons to worry
about globalization. The value of trade involving the G20 group of countries
leveled off in 2010 and has been in decline since mid-2014.
Many blame Donald Trump and the new vogue for protectionism, but that is
Professor Enrico Colombatto
President Donald Trump’s pledge to crack down on countries that have large trade surpluses with the U.S. has created a lot deal of uncertainty in Asia. Will the new administration enforce current laws and seek bilateral deals, or will it take a more punitive, protectionist stance? Washington’s choice – and how its partners respond – may determine whether the U.S. keeps its leading role in Asia or gets marginalized.
President Donald Trump’s
economic program is perceived by many as a recipe for disaster. But its most
questionable, protectionist elements – such as the border adjustment tax – are
unlikely to be implemented or could bring completely unexpected benefits. And
the new administration’s plans for infrastructure and deregulation should bring
Prince Michael of Liechtenstein
President Donald Trump is the product of powerful undercurrents that laid bare the hollowness of politics as usual. His message has few historical precedents among U.S. presidents. Americans have no shared sense of what the new era will bring, just a feeling that there is no going back.
Dr. Uwe Nerlich