Where do we go from here? After a dramatic year, we look ahead to some key economic and political trends that will influence our lives over the next 12 months.
The world economy is inextricably linked with the US.
Tami Chappell/Reuters
While Trump’s more extreme campaign promises may not eventuate, substantive changes in how the US engages with the world on environmental, and many other, issues are likely.
China’s foreign reserves are declining.
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China has introduced new currency and investment controls after foreign exchange reserves hit the lowest level since 2011. This could have a profound impact on our trading relationship.
TPP’s death may make patrolling the South China Sea more dangerous.
Reuters
The main arguments in favor of the TPP were economic. But there’s another reason the Trump administration should rethink its promise to nix it: Its demise will weaken US national security.
UK Prime Minister Theresa May can’t rely on her Indian counterpart Narendra Modi and others in the Commonwealth for unfettered trade support.
Reuters/Adnan Abidi
From wine to cheese, geographical origin has long been used as a mark of quality in selling a wide array of agricultural products. How do we protect it?
China’s goods are everywhere, thanks to the gains China has made from trade and foreign investment. Now that China wants to return the favor, the US may risk losing out if it chooses to turn inward.
We can give thanks to the strong winds of trans-Atlantic trade for ‘Tom Turkey.’
Reuters/Shannon Stapleton
A globalization expert shares two surprising tales of how the powerful winds of trans-Atlantic trade affected the quintessentially American holiday.
The United States and Australia should abandon the TPP and focus their efforts on trade deals that take a prudent approach to market access.
Mark Kauzlarich/Reuters
Trade bashing is a well-established practice among US presidential candidates. The difference with Trump is that he may actually deliver on his rhetoric.