USA’s trade policy in the context of global crisis and the decline of North American hegemony

AUTOR(ES)

Guillén, Arturo

FONTE

Brazil. J. Polit. Econ.

DATA DE PUBLICAÇÃO

02/09/2019

RESUMO

RESUMO A crise global de 2007 reforçou as tendências deflacionárias, assim como a retirada dos países centrais para dentro. Após a Grande Recessão de 2008-2009, a maioria das economias experimentou processos de semiestagnação e deglobalização. A crise acelerou o declínio da hegemonia dos Estados Unidos. Embora mantenham uma vantagem militar esmagadora e mantenham a hegemonia financeira, perderam terreno na produção, no comércio internacional e no investimento direto estrangeiro. A política comercial de Trump acelerará a desglobalização. E enquanto seu corte de impostos teve um efeito positivo de curto prazo no crescimento, será difícil superar a “estagnação secular”.ABSTRACT The global crisis of 2007 reinforced the deflationary tendencies, as well as the withdrawal of the central countries inwards. After the Great Recession 2008-2009, most economies have experienced semi-stagnation and deglobalization processes. The crisis accelerated the decline of the hegemony of the United States. While they retain an overwhelming military advantage and maintain financial hegemony, they have lost ground in production, in international trade and in direct foreign investment. Trump’s trade policy will accelerate deglobalization. And while its tax cut has had a short-term positive effect on growth, it will be difficult to overcome “secular stagnation”.

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