131. Assault on the Liberal Trading Order
- Author:
- Vinod K Aggarwal
- Publication Date:
- 11-2017
- Content Type:
- Commentary and Analysis
- Institution:
- Berkeley APEC Study Center
- Abstract:
- Given the hotly contested U.S. presidential election and the surprising victory of Donald Trump, followed by the flurry of executive actions, it is easy to lose sight of the broader challenges to the U.S.-promoted post-Second World War economic order. My analysis proceeds in four parts. First, I consider how we have moved away from multilateral to bilateral trade negotiations. Second, I consider how the consensus for a liberal trade order has frayed, focusing on systemic changes, U.S. domestic political economic conflicts, and a rethinking of the ideological consensus around the benefits of free trade. Third, I highlight factors that drove the demise of TPP. I conclude by looking at the future of trade accords in the Asia-Pacific.
- Topic:
- International Political Economy and International Affairs
- Political Geography:
- Global Focus