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Globalization with Chinese Characteristics

7 22 37

BERKELEY – US President Donald Trump’s erratic unilateralism represents nothing less than abdication of global economic and political leadership. Trump’s withdrawal from the Paris climate agreement, his rejection of the Iran nuclear deal, his tariff war, and his frequent attacks on allies and embrace of adversaries have rapidly turned the United States into an unreliable partner in upholding the international order.

Aug 7, 2018 Joseph S. Nye says that Donald Trump's mendacity is unprecedented in terms of both frequency and self-serving intent.

Jul 30, 2018 Joseph E. Stiglitz says it’s the wrong battle, fought by incompetent generals, and lacks the public support required to win.

Jul 30, 2018 Simon Johnson says that European Commission President Jean-Claude Juncker clearly outmaneuvered US President Donald Trump.

But the administration’s “America First” policies have done more than disqualify the US from global leadership. They have also created space for other countries to re-shape the international system to their liking. The influence of China, in particular, is likely to be enhanced.

Consider, for example, that if the European Union perceives the US as an unreliable trade partner, it will have a correspondingly stronger incentive to negotiate a trade deal with China on terms acceptable to President Xi Jinping’s government. More generally, if the US turns its back on the global order, China will be well positioned to take the lead on........

© Project Syndicate