The Trade Wars of the USA, China, and the EU: The Global Economy in the Age of Populism

The book investigates the effects of populism/protectionism on the global economy after the 2008 crisis, which led to social uprisings and protest and the rise of populist and nationalist politicians. President Trump's "First USA Policy" and European populist and anti-EU politicians' attacks on the post-war global economic order have led to protectionism and a trade war.

Format: Hardback
Length: 210 pages
Publication date: 29 July 2021
Publisher: Lexington Books

The book delves into the intricate dynamics of the global economy, particularly in the aftermath of the 2008 global financial and economic crisis. The consequences of this crisis were far-reaching and catastrophic, impacting economies worldwide. When the crisis spread to Europe, the United States economy suffered substantial damage, leading to a foreign debt crisis that also affected European economies, including Iceland, Ireland, Greece, Spain, and Italy. As a result, economic hardships gave rise to social unrest and protests, ultimately granting populist and nationalist politicians an advantage in gaining control of government. President Trump's "First USA Policy" was a response to this situation, with European populist and anti-EU politicians such as Le Pen, Wilders, Salvini, and Nigel Farage criticizing the post-war global economic order and advocating for the dismantling of structures like the European Union to hinder the full benefits and wealth of globalization.

Following the crisis, the global economy transitioned into a protectionist stance, largely influenced by the rise of populist leaders. President Trump initiated a significant trade war with the European Union and China, further exacerbating the economic tensions. Within this context, the study aims to examine the profound effects of populism/protectionism, which has surged since the 2008 crisis, on the global economy across various dimensions.

The book explores the multifaceted impacts of populism/protectionism on the global economy, including its effects on trade, investment, and economic growth. It examines how these policies have led to increased tariffs, trade barriers, and geopolitical tensions, which have disrupted global supply chains and impacted the profitability of businesses. The study also sheds light on the social and political consequences of populism/protectionism, including the rise of nationalism, the erosion of trust in institutions, and the potential for social unrest.

Furthermore, the book examines the potential long-term consequences of populism/protectionism on the global economy. It raises concerns about the potential for economic instability, reduced global trade, and increased economic inequality. The study also explores the challenges that countries face in implementing populist/protectionist policies, including the potential for political polarization, economic backlash, and the loss of international cooperation.

In conclusion, the book provides a comprehensive analysis of the effects of populism/protectionism on the global economy, highlighting the challenges and opportunities that arise in this complex and evolving economic landscape. It is a valuable resource for policymakers, business leaders, and scholars interested in understanding the implications of these policies on the world economy.

Weight: 494g
Dimension: 231 x 162 x 23 (mm)
ISBN-13: 9781793631176