Flint 40% of population  below the poverty line NurPhoto

The Year Ahead 2017

The Age of Trump

Rising inequality, an unfair political system, and a government that spoke for the people while acting for the elites after the 2008 financial crisis created ideal conditions for a candidate like Donald Trump. American leaders who have mismanaged the process of globalization have only themselves to blame for the coming era.

NEW YORK – On January 20, 2017, Donald Trump will be inaugurated as the 45th President of the United States. I would hate to say “I told you so,” but his election should not have come as a surprise. As I explained in my 2002 book Globalization and its Discontents, the policies we have used to manage globalization have sown the seeds of widespread disaffection. Ironically, a candidate from the same party that has pushed the hardest for international financial and trade integration won by promising to undo both.

Of course, there is no going back. China and India are now integrated into the global economy, and technological innovation is reducing the number of manufacturing jobs worldwide. Trump cannot recreate the well-paying manufacturing jobs of past decades; he can only push for advanced manufacturing, which requires higher skill sets and employs fewer people.

Rising inequality, meanwhile, will continue to contribute to widespread despair, especially among the white voters in Middle America who handed Trump his victory. As the economists Anne Case and Angus Deaton showed in their study published in December 2015, life expectancy among middle-age white Americans is declining, as rates of suicides, drug use, and alcoholism increase. A year later, the National Center for Health Statistics reported that life expectancy for the country as a whole has declined for the first time in more than 20 years.

To continue reading, please subscribe to On Point.

To access On Point, log in or register now now and read two On Point articles for free. For unlimited access to the unrivaled analysis of On Point, subscribe now.


Log in

  1. Financial planning report Getty Images

    The Metric God That Failed

    • Over the past few decades, formal institutions have increasingly been subjected to performance measurements that define success or failure according to narrow and arbitrary metrics. 

    • The outcome should have been predictable: institutions have done what they can to boost their performance metrics, often at the expense of performance itself.
  2.  Laborers fill orders of machine grade steel to be shipped throughout the Pacific Northwest Natalie Behring/Getty Images

    Trump and the All-American Trade Debate

    • Donald Trump’s recently announced tariffs on imported steel and aluminum have raised fears that his administration will roll back the rules-based free-trade system that has facilitated global commerce since World War II. 

    • But a closer examination of the history of US trade policy shows that Trump’s protectionist gambits are neither new, nor likely to have a lasting effect.
  3. Pictures of Chief Executive Carrie Lam and Financial Secretary Paul Chan of Hong Kong ANTHONY WALLACE/AFP/Getty Images

    The Asian Values Debate Returns

    • For the time being, concrete evidence of policy success in countries like China and India may well be the most effective way to buttress the case for applying non-Western perspectives to national development strategies. 

    • But, in the longer term, non-Western thinkers will need to translate their ideas into testable models and theories.
  4. MONEY SHARMA/AFP/Getty Images

    Saving Mothers and Newborns

    • Tens of thousands of mothers and newborns die from preventable causes related to pregnancy and childbirth every year, which is why maternal and perinatal mortality is still one of world’s most daunting public-health challenges. 

    • But recent research finds that a comprehensive systems-based approach provides reason for hope.