The “Trump Factor” and the Changing Face of Globalization

ABSTRACT

The victory of Donald Trump’s administration not only meant a change in domestic socioeconomic policy, but also in the sphere of U.S. foreign ties; it has had a strong influence on the development trend of the world economy and trade. Taking the path of protectionism and confrontation with key trade and economic partners in Latin America, Asia, and Europe, Washington has attempted to break the status quo and transform the existing character of the globalization process. The “Trump factor” has become a key element in the formation of a new global order.

KEYWORDS:

• globalization
• Trump’s presidency
• protectionism
• NAFTA
• Mexico
• integration mega blocks
• China
• the European Union

This article is the republished version of:

The “Trump Factor” and the Changing Face of Globalization

Notes

English translation © 2018 Taylor & Francis Group, LLC, from the Russian text © 2017 “Mirovaia ekonomika i mezhdunarodnye otnosheniia.” “‘Faktor Trampa’ i meniaiushciiisia oblik globalizatsii,” Mirovaia ekonomika i mezhdunarodnye otnosheniia, 2017, no. 7, pp. 5–14.

Petr Pavlovich Yakovlev is a doctor of economics and professor at the Institute of Latin American Studies, Russian Academy of Sciences.

This article has been supported by a grant of the State Assignment of the Ministry of Education, project code 1430 (“Formation of a New World Order in Asia-Pacific, and Russia’s National Interests”).

Translated by Simon Patterson. Translation reprinted from Russian Politics and Law, vol. 55, no. 6. DOI: 10.1080/10611940.2017.1574498.