Barron’s (April 4)
“The tariff damage can’t be undone.” Many uncertainties still remain regarding the extent of their ultimate impact, how much the world will reorient to exclude the U.S., and the benefit the tariffs will provide China. However, “the scope, speed and magnitude of the Trump administration’s tariff blitz” made one point “crystal clear: The post–World War II global world economic order is no longer.”
Tags: Damage, Economic order, Exclude, Extent, Global, Impact, Magnitude, Post–World War II, Reorient, Scope, Speed, Tariff, Trump, U.S., Uncertainties, Undone
Foreign Affairs (March 25)
“Washington may have forged the open, liberal rules-based order, but China has defined its next phase: protectionism, subsidization, restrictions on foreign investment, and industrial policy. To argue that the United States must reassert its leadership to preserve the rules-based system it established is to miss the point. China’s nationalist state capitalism now dominates the international economic order. Washington is already living in Beijing’s world.”
Tags: China, Economic order, Foreign investment, Industrial policy. U.S., Leadership, Liberal, Nationalist, Open, Protectionism, Restrictions, Rules-based order, State capitalism, Subsidization, Washington
Institutional Investor (August Issue)
“In the wake of the financial crisis a few years ago, it seemed as if the world economic order had been turned upside down” The U.S, Europe and other established markets appeared risky and emerging markets “that once seemed risky began to look like a sure bet…. Today the supposed new world order already seems, well, old. Emerging markets have been among the worst-performing asset classes this year, and capital has been flowing out at a record pace in recent weeks.”
Tags: Asset classes, Economic order, Emerging markets, Established markets, Europe, Financial Crisis, Risk, U.S.
