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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: gronieel2 who wrote (982573)	11/18/2016 11:12:00 PM
From: puborectalis	Respond to of 1575421

It is fair to say that the world staved off chaos with the bust of the latest financial crisis through careful cooperation. But cycles find ways of asserting themselves. With Trump's election, with Americans' demonstrated failure to trust one another and the world, we have joined the darkness Grice was talking about. "Moreover, Trump's election victory comes at a time when support for free trade policies and multilateralism is flagging elsewhere," analysts at Oxford Economics wrote in a recent note. "Protectionist parties are poised to do well next year in elections in European countries such as France and the Netherlands. And the UK referendum result means that one of the EU's strongest advocates for free trade no longer has any influence over EU trade policy. "The upshot is that there is now a significant risk that the world enters a period of rising trade barriers and tit-for-tat trade wars. Along with an aging population and fading benefits from technological change, this will help to keep global growth well below its pre-crisis pace for a long time yet."