http://www.hoover.org/research/global-reform-helps-america

A Global Reform That Helps America

by David C. Mulford

Tuesday, February 28, 2017

Confusion reigns over the future of our global economy. This is not surprising, given the earthquake general election in the world’s largest economy and President Trump’s remarkable victory. President Trump has a strikingly new and controversial agenda, increasingly comprehensive in its scope. Regulatory policy relief, far-reaching tax reform, expansive fiscal policy and a more conservative Supreme Court signal major new directions for the domestic economy and American society. U.S. foreign, trade and international economic policies are changing as well, with as yet little idea of what new geopolitical realities will face the United States and the world in coming years. Globalization of the world economy has evolved dramatically over the past 45 years, lifting millions out of poverty, globalizing production and technology, and raising national political aspirations. Even so, globalization as we have known it is beginning to reverse, a phenomenon fraught with uncertainty and major risks to the stability of the world economy, financial markets and traditional diplomatic and strategic relations.http://www.hoover.org/research/global-reform-helps-america