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A scary new world?

International economic and political order, led by the US, is under threat from Trump administration

Shankar Acharya 

Shankar Acharya Have the first five months of the Trump presidency taken us into a scarier new world of global economics and politics? I believe so.  In broad terms, the 70 years since the Second World War (WW2) saw the rise of a liberal international economic order (LIEO) for trade, capital flows and, to a limited extent, skilled labour. It also witnessed the economic development of emerging nations, many of which had been under colonial rule. The LIEO was buttressed by a set of international institutions, created under US leadership after WW2, notably the International Monetary Fund, the ...

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