The Global Trump

1. Front Matter

   Pages i-xxx

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2. The Background to Trumpism and Economic Explanations

   1. Front Matter

      Pages 1-1

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   2. Introduction

      • Paul J. J. Welfens

      Pages 3-17

   3. Inequality, US Survey Results and Economic Analysis: The Case for Structural Trumpism

      • Paul J. J. Welfens

      Pages 19-100

   4. Protectionist US Policy and Expansionary Fiscal Policy: Ongoing Contradictions

      • Paul J. J. Welfens

      Pages 101-138

3. Transatlantic Economic Relations

   1. Front Matter

      Pages 139-139

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   2. Trade, Employment and Transatlantic Policy Aspects

      • Paul J. J. Welfens

      Pages 141-166

   3. EU Reform Problems and the Rise of Populism in Europe

      • Paul J. J. Welfens

      Pages 167-195

4. Back Matter

   Pages 197-215

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5. USUnited States-Asian and Global Economic Perspectives

   1. Front Matter

      Pages 217-217

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   2. US-Asia-EU Perspectives

      • Paul J. J. Welfens

      Pages 219-240

   3. China Risks and Challenges

      • Paul J. J. Welfens

      Pages 241-250

6. Policy Innovations and Systemic Reforms

   1. Front Matter

      Pages 251-251

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   2. Policy Conclusions for International Organizations

      • Paul J. J. Welfens

      Pages 253-260

   3. International Policy Conclusions

      • Paul J. J. Welfens

      Pages 261-280

   4. Canada , the US and Eurozone : Implications for US Reforms

      • Paul J. J. Welfens

      Pages 281-306

7. Back Matter

   Pages 307-356

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"This book is able to explain and analyze what has eluded both scholars and thought leaders in business and the media - how and why populism has grabbed center stage. Highly recommendable."
-David B. Audretsch, Indiana University Bloomington, USA

 "Welfens provides valuable insight into US politics and describes the strategic options for Europe going forward."
-Barry Eichengreen, University of California, Berkeley, USA

 "With great skill Welfens traces the implications of US populism for the global economic system."
- Jeffrey D. Sachs, Columbia University, USA

 "This critique of Trump´s fiscal and international trade policies and their weak intellectual basis deserves the attention of US and European readers alike"
-Richard H. Tilly, University of Münster, Germany 

What lies behind the Trump victory of 2016 and the US' new raft of economic policies? Is a populist presidency in the United States likely to be a temporary phenomenon or a structural long-term challenge? In an era of declining multilateralism, what can the US still stand to learn from Europe, where several countries have effective lifetime economic welfare equal to that of the US - and what can the EU learn from the US in return? Furthermore, what international economic dynamics can be expected from the Sino-US trade conflict and can globalization be maintained? In this timely volume, Paul Welfens provides a rare, clear-sighted and scholarly analysis of the global problems created by Trump's protectionism and economic policy. He leverages his understanding of these problems to make concrete policy suggestions that could help prevent the world economy from falling back into a variant of the Great Powers regime of the late nineteenth century.

• Economics of populism
• Political economy of populism
• Trumponomics
• Economic conflict in Europe
• Economic conflict in Asia
• Economic conflict in USA
• US China Trade War
• Protectionist policy
• Expansionary fiscal policy
• Structural Trumpism
• Transatlantic economic relations
• Global economy and Trump
• International policy
• US reforms
• Social Market Economy

• European Institute for International Economic Relations (EIIW), University of Wuppertal, Wuppertal, North-Rhine Westphalia, Germany

  Paul J. J. Welfens

Paul JJ Welfens is Jean Monnet Professor for European Economic Integration and Chair for Macroeconomics at the Schumpeter School of Business and Economics, and President of the European Institute for International Economic Relations at the University of Wuppertal, Germany. He is Non-Resident Research Fellow at the AICGS/The Johns Hopkins University, Washington DC.

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