The Global Trump Structural US Populism and Economic Conflicts with

"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 "We

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TRUMP Structural US Populism and Economic Conflicts with Europe and Asia

PAUL J. J. WELFENS

The Global Trump “With Donald Trump in the White Office, the world wonders, how did this happen and what does it mean for us? In this riveting, penetrating and timely book, Paul Welfens answers with insights that are thoughtful, well reasoned and compelling. 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 and posits new strategies for political and economic stability and prosperity in this new era of Trump. The book is not just ‘must’ reading to everyone interested in contemporary global affairs, it is also engaging and a pleasure to read.” —David B. Audretsch, Distinguished Professor, Indiana University, Bloomington “Paul Welfens has produced a highly perceptive and timely analysis of US economic populism in the Trump era and the international implications. He emphasizes the structural failures of the US economic system to constrain rising inequality, in comparison with the relative success of the European social democratic systems, and emphasizes that US populism will is therefore likely to persist in the years ahead. With great skill and insight Welfens traces the implications of US populism for the global economic system and for Europe’s geopolitical and economic choices.” —Jeffrey D. Sachs, University Professor at Columbia University “How Europe responds to U.S. President Trump’s provocations and erratic decision makings will shape its place in the world, and in global geopolitics in particular, for years to come. In this timely book, Paul Welfens both provides valuable insight into U.S. politics and describes the strategic options for Europe going forward.” —Barry Eichengreen, University of California, Berkeley “Paul Welfens has written an important and timely book on the consequences of U.S. President Trump’s economic policies for the American, European, and Asian economies. It offers a rich fare of information on the roots of American and European populism and its dangers for our political stability and economic wellbeing. Its critique of Trump’s fiscal and international trade policies and their weak intellectual basis deserves the attention of U.S. and European readers alike.” —Richard H. Tilly, University of Münster, Germany

Paul J. J. Welfens

The Global Trump Structural US Populism and Economic Conflicts with Europe and Asia

Paul J. J. Welfens European Institute for International Economic Relations (EIIW) University of Wuppertal Wuppertal, North-Rhine Westphalia, Germany

ISBN 978-3-030-21783-9    ISBN 978-3-030-21784-6 (eBook) https://doi.org/10.1007/978-3-030-21784-6 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of