WDEV special: Subscribe now and get 4 weeks free >>> here
deutschsprachige Version

Our new website address:  

Home Mission Statement Subscriptions Sample Copies Services Blogs Background Links Archives

Volume 2017
Volume 2016
Volume 2015
Volume 2014
Volume 2013
Volume 2012
Volume 2011
Volume 2010
Volume 2009
Volume 2008
Volume 2007
Volume 2006
Special Reports
For subscribers only
Show memo
Show shopping cart
Proceed to check-out
Your account
Europe Global Environment & Development The New South From G8 to G20 The Development Agenda UN Reform Global Finance Doha Final The Euro-zone in Crisis Eastern Europe

The end of US hegemony

Trumponomics in foreign trade and investment

The Trump government signals unequivocally the end of international US hegemony. An international hegemon is able to define rules that find relatively broad acceptance internationally and plays a role in safeguarding international economic stability. The Trump government which is formed by oligarchs, top managers and former high ranking military officials announced measures that go against the present economic rules while not proposing new ones. De facto, this is an abdication from the role of an international hegemon, Joachim Becker writes.


Economically, the hegemonic position of the USA has been eroded already for many years. The US economy has incurred substantial trade and current account deficits. Its growth has relied on massive capital imports. Never before, could such traits be observed in the case of an international hegemon. Due to the structural current account deficits, protective policies would not be unsuited to the US case. For significant sections of the working class, protective policies can be potentially beneficial. Therefore, the protective discourse of Trump has been attractive to many working class voters in the USA...

To read this article you have several options:

>>> As a subscriber log in directly >>> here.
>>> If you have no subscription >>> pick your option.
>>> Or ...

... buy the article here >>>

Quantity:   item

Add to memo.

Find in this article:

Financial deregulation as a priority
Bilateral instead of regional trade agreements
Trade salvos at China and Germany …
… and Mexico
Worrying parallels

The author:

Dr. Joachim Becker is a.o. Professor at the Vienna Wirtschaftsuniversität.

Recommend this article:

Share |

Financing for development? Mostly not! / What does the Brexit mean for us women?


Top of page

Imprint General Terms and Conditions RSS Feeds Site Map