ABC-CLIO

Trump, Trade, and the End of Globalization

by David S. Jacoby

 

If the Trump administration withdraws from more trade agreements and European and Asian countries follow suit, the resulting collapse of free trade could result in negative growth across the globe.

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Cover image for Trump, Trade, and the End of Globalization

June 2018

Praeger

Pages 190
Volumes 1
Size 6 1/8x9 1/4
Topics Economics/International
  Current Events and Issues/Business

Provides a roadmap for mature industrialized countries to contribute to and benefit from global trade on new terms.

Global trade is heading toward chaos. Globalization has in part been a zero-sum game over the last 20 years, as China's middle and upper classes have grown sharply while Western economies have stagnated. Wealthy countries, most notably the United States and the United Kingdom, are now on the brink of abandoning free trade as it includes both the principles and the theories behind it because their economies cannot compete with those of China and some developing countries. Prevailing protectionist attitudes and policies are based on short-term thinking and will disappoint future generations.

According to author David S. Jacoby, a "new multilateralism" can provide a way out of this impending disaster by preserving innovation and growth while also curbing the impact of countries that manipulate currency, disparage the environment, and violate human rights. Jacoby clearly explains how industrialized nations can compete on a basis of differentiated technology and innovation while letting developing countries compete on a basis of manufacturing, components, and materials and makes a strong case for why the West should recommit to global trade.

Features

  • Explains the reasons behind current populist trends around the world
  • Identifies the challenges and failures of globalization
  • Profiles countries that have developed under different trade frameworks
  • Assesses models of isolationism and protectionism
  • Delivers a policy prescription for a new global trade order
Author Info

David S. Jacoby, president of Boston Strategies International, is an economist, consultant, and trade policy adviser. He wrote The Economist Guide to Supply Chain Management; Optimal Supply Chain Management in Oil, Gas, and Power Generation; The High Cost of Low Prices: A Roadmap to Sustainable Prosperity; and From Bogota to Beijing: Development and Life after Globalization. In addition, he has delivered over 250 speeches, articles, and webcasts to publications such as Oil and Gas Journal, Supply Chain Management Review, Energy Tribune, and Supply Chain Quarterly. Formerly, he taught operations management at Boston University's Graduate School of Business, served as a contributing editor at the Economist Intelligence Unit, and consulted to the World Bank.

He holds an MBA from The Wharton School, a master's in international business from The Lauder Institute, and a bachelor of science in finance and economics from the University of Pennsylvania. He is also a certified energy procurement professional; a certified Fellow in production and inventory management; and certified in supply chain management, integrated resource management, purchasing management, and transportation and logistics. At the International Supply Chain Education Alliance (ISCEA), he is a member of its Ptak Prize Selection Committee.

Reviews/Endorsements

Endorsements

"Globalization is the most contested topic of our time. Jacoby tees up the right questions, and his analysis and conclusions about trade and globalization are insightful, important, and timely."—Dr. Mauro F. Guillen, Director of The Lauder Institute and Professor at The Wharton School

"The scenarios, which are interesting and present some polar positions of where the world could go, emphasize important policy decisions which could have major consequences for the U.S.'s place in the world and its economic prospects." —Scott Livermore, COO, Oxford Economics

"David Jacoby's experience in international business and his insights into the politics and social realities of trade make this book credible and interesting. His assessment of the future role of multilateral trade institutions and regional trade agreements makes sense, and with proper negotiation and implementation, the 'new multilateralism' that he outlines can create sustained and balanced economic growth."—Dr. Oliver Massmann, General Director of Duane Morris LLC

"David S. Jacoby's impeccable credentials as a consultant and business leader distinguish this book. The integration of cross-cutting themes and integrative analysis of political, economic, and social development trends make it uniquely insightful and valuable."—Christophe Poittevin, Sales Engagement Director, Atos International

"Jacoby's analysis of the differing East and West trade experiences rings true based on my 21 years in China. This book offers an intelligent discussion of a new approach to global trade."
—Mike Silva, President of Maison Global

"This book skillfully ties together today's headline economic and trade issues with complex political and social challenges. Jacoby's analysis of today's globalization puzzles leads to a clearly presented vision for a prosperous new trade paradigm that can drive sustained global growth. [He] demonstrates convincingly how investments in infrastructure, education, and technology, combined with cost-effective health care and public policies, can benefit knowledge-based economies in a global setting." —Dan Hodge, Principal of Hodge Economic Consulting

"To Trump or not to Trump...that is the question, and David S. Jacoby tackles the issues with his usual trademark mastery of defining and analyzing complex problems. Another fascinating read from the master!"—Ibrahim Al Mubayadh, President, Advanced Management Systems

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