America Unbound: The New New World Order in Trade?

Published under the title "How a Hyperpower Handles Trade: The Implications of Hyperpower Tactics Applied in a Multipolar Trading System", Centre for International Governance Innovation (2018)

8 Pages Posted: 4 Jul 2018  

Dan Ciuriak

Ciuriak Consulting Inc.; C.D. Howe Institute; Centre for International Governance Innovation (CIGI); BKP Development Research & Consulting GmbH; Asia Pacific Foundation of Canada

Date Written: June 4, 2018

Abstract

In the short space of half a century, the United States passed from being one of a number of Great Powers to one of two Super Powers to the sole Hyper Power. As its position in the world changed, so too did its behaviour – at least in the political realm. A similar transition can arguably be perceived in US international economic policy as well – which is consistent with the subordinate role that international economic policy has played relative to foreign policy in the United States. US trade policy under the Trump Administration is in line with this arc and is thus not evidence of new behaviour; rather it is the expression in trade policy of US Hyper Power behaviour that has long been practiced in the foreign policy realm. This note sketches out this thesis and takes up the question of what such a behavioural shift of the United States in trade implies strategically and tactically and whether it is is sustainable, given the differences in US economic vs. military assets and the differences in the nature of trade vs. geopolitics. It also considers what the response of other nations might be.

Keywords: United States, multilateralism, trade wars, geopolitics, realpolitik

JEL Classification: F13, F52, F55

Suggested Citation

Ciuriak, Dan, America Unbound: The New New World Order in Trade? (June 4, 2018). Published under the title "How a Hyperpower Handles Trade: The Implications of Hyperpower Tactics Applied in a Multipolar Trading System", Centre for International Governance Innovation (2018). Available at SSRN: https://ssrn.com/abstract=3190705

Dan Ciuriak (Contact Author)

Ciuriak Consulting Inc. ( email )

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Ottawa, Ontario K1N 6H9
Canada

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
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Centre for International Governance Innovation (CIGI) ( email )

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Waterloo, Ontario N2L 6C2
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BKP Development Research & Consulting GmbH ( email )

Romanstrasse 74
München, 80639
Germany

Asia Pacific Foundation of Canada ( email )

Canada

HOME PAGE: http://ciuriakconsulting.com/

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