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Trumponomics Facing a New Global Governance: Is the American Neoliberal Strategy Still Viable?

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Capitalising Economic Power in the US

Part of the book series: International Political Economy Series ((IPES))

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Abstract

This chapter traces the essential elements of the American industrial strategy in the neoliberal era, as they emerged in the historical reality of the last 40 years. The main aim of the chapter is to locate the American neoliberal strategy in the recent post-crisis context and to assess the effective possibility for the United States to continue to implement it in the future. In particular, this chapter investigates whether the ongoing global transformations—namely the changes in the distribution of economic power at the international level and in the formal and informal institutional channels of the global order—are limiting the US capacity to adopt a neoliberal industrial strategy.

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Notes

  1. 1.

    See, for example, Mirowski and Plehwe (2009) , Harvey (2005) .

  2. 2.

    See https://www.whitehouse.gov/the-press-office/2017/03/28/president-trumps-energy-independence-policy (last accessed October, 2017).

  3. 3.

    On issues related to new form of transnational governance see, for example, Dingwerth (2008) , Hale and Held (2011) , Brown (2011, 2013) , Harman and Williams (2013) , Weiss and Wilkinson (2014) , Shaw (2015) .

  4. 4.

    A number of analysis has attempted to outline the emerging world; see, for example Shaw (2015) , Zakaria (2011) , Khanna (2009) .

  5. 5.

    See http://ndbbrics.org/.

  6. 6.

    See CNN, January 26, 2017, http://edition.cnn.com/2017/01/24/asia/tpp-rcep-nafta-explained/index.html.

  7. 7.

    See https://www.whitehouse.gov/the-press-office/2015/10/05/statement-president-trans-pacific-partnership (last accessed October 2017).

  8. 8.

    See http://industrie4.0.gtai.de/INDUSTRIE40/Navigation/EN/Topics/Why-germany/why-germany-policy.html (last accessed October 2017).

  9. 9.

    See https://www.csis.org/analysis/made-china-2025 (last accessed October 2017).

  10. 10.

    See https://obamawhitehouse.archives.gov/sites/default/files/microsites/ostp/pcast-advanced-manufacturing-june2011.pdf (last accessed October 2017).

  11. 11.

    For details on the mentioned programmes and other initiatives related to manufacturing see https://www.manufacturing.gov/programs/ (last accessed October 2017). See also the Chap. 7.

  12. 12.

    See NAMRI/SME Position Paper, Advanced Manufacturing Initiatives: A National Imperative, https://www.sme.org/namri-position-paper/ (last accessed October 2017).

  13. 13.

    See https://www.aip.org/fyi/2017/nist-science-down-13-trump-budget.

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Tassinari, M. (2019). Trumponomics Facing a New Global Governance: Is the American Neoliberal Strategy Still Viable?. In: Capitalising Economic Power in the US. International Political Economy Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-76648-5_8

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