The Global Trump

Structural US Populism and Economic Conflicts with Europe and Asia

  • Paul J.J. Welfens

Table of contents

  1. Front Matter
    Pages i-xxx
  2. The Background to Trumpism and Economic Explanations

    1. Front Matter
      Pages 1-1
    2. Paul J. J. Welfens
      Pages 3-17
  3. Transatlantic Economic Relations

    1. Front Matter
      Pages 139-139
    2. Paul J. J. Welfens
      Pages 141-166
    3. Back Matter
      Pages 197-215
  4. US United States -Asian and Global Economic Perspectives

    1. Front Matter
      Pages 217-217
    2. Paul J. J. Welfens
      Pages 219-240
    3. Paul J. J. Welfens
      Pages 241-250
  5. Policy Innovations and Systemic Reforms

    1. Front Matter
      Pages 251-251
    2. Paul J. J. Welfens
      Pages 253-260
    3. Paul J. J. Welfens
      Pages 261-280
  6. Back Matter
    Pages 307-356

About this book


"This book is able to explain and analyze what has eluded both scholars and thought leaders in business and the media - how and why populism has grabbed center stage. Highly recommendable."
-David B. Audretsch, Indiana University Bloomington, USA

 "Welfens provides valuable insight into US politics and describes the strategic options for Europe going forward."
-Barry Eichengreen, University of California, Berkeley, USA

 "With great skill Welfens traces the implications of US populism for the global economic system."
- Jeffrey D. Sachs, Columbia University, USA

 "This critique of Trump´s fiscal and international trade policies and their weak intellectual basis deserves the attention of US and European readers alike"
-Richard H. Tilly, University of Münster, Germany 

What lies behind the Trump victory of 2016 and the US' new raft of economic policies? Is a populist presidency in the United States likely to be a temporary phenomenon or a structural long-term challenge? In an era of declining multilateralism, what can the US still stand to learn from Europe, where several countries have effective lifetime economic welfare equal to that of the US - and what can the EU learn from the US in return? Furthermore, what international economic dynamics can be expected from the Sino-US trade conflict and can globalization be maintained? In this timely volume, Paul Welfens provides a rare, clear-sighted and scholarly analysis of the global problems created by Trump's protectionism and economic policy. He leverages his understanding of these problems to make concrete policy suggestions that could help prevent the world economy from falling back into a variant of the Great Powers regime of the late nineteenth century.


Economics of populism Political economy of populism Trumponomics Economic conflict in Europe Economic conflict in Asia Economic conflict in USA US China Trade War Protectionist policy Expansionary fiscal policy Structural Trumpism Transatlantic economic relations Global economy and Trump International policy US reforms Social Market Economy

Authors and affiliations

  • Paul J.J. Welfens
    • 1
  1. 1.European Institute for International Economic Relations (EIIW)University of WuppertalWuppertal, North-Rhine WestphaliaGermany

Bibliographic information

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Finance, Business & Banking