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Trump, Trade, and the End of Globalization (Hardcover)
Loot Price: R1,385
Discovery Miles 13 850
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Trump, Trade, and the End of Globalization (Hardcover)
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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. Explains the reasons behind current populist trends around
the world Identifies the challenges and failures of globalization
Profiles countries that have developed under different trade
frameworks Assesses models of isolationism and protectionism
Delivers a policy prescription for a new global trade order
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