Posted on : August 16, 2017
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Concerning the future of the global economy, economist Branko Milanović has one good news and one bad news. The expert on global inequality predicts that even a more protectionist US government will not lead to a reversal of globalization. But he expects a growing anarchy in the global markets, that would harm the world economy. And he expects Donald Trump as the source of this anarchy: “Off-the-hip-shooting, as we have seen it multiple times on Twitter, will produce uncertainty, and this will lead to adverse economic effects.” As stabilizing factors for the global economy Milanovic sees the two big Asian players, China and India.