USA’s trade policy in the context of global crisis and the decline of North American hegemony

Detalhes bibliográficos
Autor(a) principal: Guillén,Arturo
Data de Publicação: 2019
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572019000300387
Resumo: ABSTRACT The global crisis of 2007 reinforced the deflationary tendencies, as well as the withdrawal of the central countries inwards. After the Great Recession 2008-2009, most economies have experienced semi-stagnation and deglobalization processes. The crisis accelerated the decline of the hegemony of the United States. While they retain an overwhelming military advantage and maintain financial hegemony, they have lost ground in production, in international trade and in direct foreign investment. Trump’s trade policy will accelerate deglobalization. And while its tax cut has had a short-term positive effect on growth, it will be difficult to overcome “secular stagnation”.
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spelling USA’s trade policy in the context of global crisis and the decline of North American hegemonyGlobal crisisdeglobalizationNorth American trade policyUSA hegemonic declinationstagnationABSTRACT The global crisis of 2007 reinforced the deflationary tendencies, as well as the withdrawal of the central countries inwards. After the Great Recession 2008-2009, most economies have experienced semi-stagnation and deglobalization processes. The crisis accelerated the decline of the hegemony of the United States. While they retain an overwhelming military advantage and maintain financial hegemony, they have lost ground in production, in international trade and in direct foreign investment. Trump’s trade policy will accelerate deglobalization. And while its tax cut has had a short-term positive effect on growth, it will be difficult to overcome “secular stagnation”.Centro de Economia Política2019-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572019000300387Brazilian Journal of Political Economy v.39 n.3 2019reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572019-3046info:eu-repo/semantics/openAccessGuillén,Arturoeng2019-08-29T00:00:00Zoai:scielo:S0101-31572019000300387Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2019-08-29T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv USA’s trade policy in the context of global crisis and the decline of North American hegemony
title USA’s trade policy in the context of global crisis and the decline of North American hegemony
spellingShingle USA’s trade policy in the context of global crisis and the decline of North American hegemony
Guillén,Arturo
Global crisis
deglobalization
North American trade policy
USA hegemonic declination
stagnation
title_short USA’s trade policy in the context of global crisis and the decline of North American hegemony
title_full USA’s trade policy in the context of global crisis and the decline of North American hegemony
title_fullStr USA’s trade policy in the context of global crisis and the decline of North American hegemony
title_full_unstemmed USA’s trade policy in the context of global crisis and the decline of North American hegemony
title_sort USA’s trade policy in the context of global crisis and the decline of North American hegemony
author Guillén,Arturo
author_facet Guillén,Arturo
author_role author
dc.contributor.author.fl_str_mv Guillén,Arturo
dc.subject.por.fl_str_mv Global crisis
deglobalization
North American trade policy
USA hegemonic declination
stagnation
topic Global crisis
deglobalization
North American trade policy
USA hegemonic declination
stagnation
description ABSTRACT The global crisis of 2007 reinforced the deflationary tendencies, as well as the withdrawal of the central countries inwards. After the Great Recession 2008-2009, most economies have experienced semi-stagnation and deglobalization processes. The crisis accelerated the decline of the hegemony of the United States. While they retain an overwhelming military advantage and maintain financial hegemony, they have lost ground in production, in international trade and in direct foreign investment. Trump’s trade policy will accelerate deglobalization. And while its tax cut has had a short-term positive effect on growth, it will be difficult to overcome “secular stagnation”.
publishDate 2019
dc.date.none.fl_str_mv 2019-09-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572019000300387
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572019000300387
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-31572019-3046
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.39 n.3 2019
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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