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The Big Picture

The Rudderless World Economy

The institutions that oversee the global economy – the IMF, the World Bank, and the World Trading Organization – have all derived their authority from the support of the world’s economic hegemon, the United States. With the US under Donald Trump rapidly dumping its leadership role, how will the resulting vacuum be filled?

The assembly line at Ford Bill Pugliano/Getty Images
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Businessmen standing on world map, waving American and Chinese flags PhotoAlto/Milena Boniek/Getty
HSBC headquarters in China Education images/Getty Images
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