MARKETS&POLITICS - The world’s new economic order
On 8 November 2016, when Donald Trump was elected president, the economic world order changed. And not for the better!
- Monday, 27 February 2017
Ever since the end of the Sexond World War, the US has led the world of liberal democracies in a global governance structure guided by economic and political multilateralism. Fol- lowing the change in policy thinking in China almost 40 years ago and the fall of the Soviet Union 25 years ago, most of the world adopt- ed free market economic policies and joined the Western world’s global governance struc- tures, including the WTO and IMF.