The Global Economy after Trump: What Comes Next?

Speaker

Paul Tiffany

Senior Lecturer (Emeritus)

Hass School of Business, University of California, Berkeley

Paul Tiffany’s Biography

CFP®, CIMA®, CPWA®, CIMC®, and RMA℠ Eligible

Duration: 1 hour and 30 minutes

Option 1: Tuesday, March 23rd at 3:00pm ET

Option 2: Monday, March 29th at 3:00pm ET

Option 3: Tuesday, March 30th at 3:00pm ET

Pre-work: There will be a 15-20-minute pre-recorded webinar to be delivered on-demand.

This session will be interactive with participant Q&A, input and discussion.

Course Description

The US elections of 2020 have created a potentially profound shift in recent American economic policy, both domestic and global. At the local level there are questions regarding the fate of Trump era corporate tax and business regulation statutes, while in the international arena the President staked out positions radically different from those of the post-World War II “Bretton Woods System” engineered by the US.  This latter political-economic regime guided much of the world as “globalization” took hold and many Emerging Nations—especially China-- prospered. Yet one critical result of Trump’s nationalistic “America First” agenda has been deep uncertainty about the future prospects of international trade policies, which played such a significant role in the overall growth of global prosperity for the past 30 years. With Trump no longer in the White House will his “New World Order” of “economic nationalism” remain, or will his policies be seen as little more than a brief deviation from the liberalization of trade (and global politics) of the recent past?  Regardless of the answer, the effects will be profound for America’s economy and the prospects of many US-based firms, to say nothing of the nation’s citizens themselves.  We will conclude this session with a consideration of potential outcomes under a new Biden Administration, and what implications they hold.

Learning Objectives:
  • To inform participants of the broader economic and political global trends of the recent past and how these may affect the direction of the American economy in the 21st Century going forward.
  • To attempt to put the current political situation of a Biden Presidency into a framework that can provide insight to potential economic shifts in the world economy.
  • To stimulate participant thinking about how the changing global political-economic environment will affect economic progress in the United States in the coming decades ahead as a resurgent China makes claims for global leadership.