The Trump Factor and the Changing Face of Globalization

688
DOI: 10.20542/0131-2227-2017-61-7-5-14

P. Yakovlev (petrp.yakovlev@yandex.ru), 
Institute of Latin American Studies, Russian Academy of Sciences, 21/16, B. Ordynka Str., Moscow 115035, Russian Federation; 
Plekhanov Russian University of Economics, 36, Stremyannyi Per., Moscow 115054, Russian Federation 



Abstract

Rapid ascent of Donald Trump to the top of the American power pyramid seriously alarmed business and political establishments in most states of Europe, Latin America and other regions. The explanation is obvious: in the course of the election campaign and after the election, the new American leader made a lot of hard and uncompromising statements, and then, having settled down in the White House, took a number of concrete steps against trade, economic and sociopolitical interests of a series of countries. In essence, Washington’ actions pour oil on the flame of global instability and uncertainty, and can complicate the process of overcoming problems of the entire world community in time of crisis, generated by both internal causes of individual countries and international effects. The central question of the future global order is which policies will become the world center of gravity: formation of a cooperation strategy of integration, alliances and multilateral agreements, or a course on isolationism and protectionism, financial-economic pressure, “cold” trade and currency wars. Taking the path of frankly revisionist style policies, Donald Trump showed himself an opponent to the global economic agenda that had seemed unshakable and indicated the direction of further movement for the entire international community until recently. Contrary to what was argued by numerous experts and politicians, President Trump does not believe the United States is the main beneficiary of globalization, which Washington himself imposed on the rest of the world some time ago. The American President regards other countries as winners in an all-out international competition: China, Germany, Mexico, etc. The U.S. are by no means on the top of this list, and Trump intends to change the status quo and implement a geo-economical script appropriate to his views of the world. “The Trump Factor” becomes the key element in the process of transformation of the prevailing globalization image. 


Keywords

globalization, the presidency of D. Trump, protectionism, NAFTA, Mexico, integration mega blocks, China, the European Union 


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For citation:
Yakovlev P. The Trump Factor and the Changing Face of Globalization. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2017, vol. 61, No 7, pp. 5-14. https://doi.org/10.20542/0131-2227-2017-61-7-5-14



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