Resumen

NAVARRETE, Jorge Eduardo. Trump and the Global Economic Situation. Economía UNAM [online]. 2017, vol.14, n.41, pp.40-56. ISSN 1665-952X.

The controversial election and bumpy start of the Trump administration point towards a major change of direction for the American economic policy with consequences at global scale. Despite being close to full employment, a range of measures, which taken together are equivalent to a stimulus package, were offered. Fiscal expansion with both corporate and personal tax reductions and huge increases in infraestrcture, defense and other investment expenditures, as well as across the board deregulation for extractive and financial firms and protection measures to respond to competitive conditions deemed unfair. The decleared aims were to double the rate of growth and increase employment, particularly in manufactures. This paper review some initial reactions and the multilateral financial institutions approach, to underline the fragility of some of the proposals and evaluate the reach of their repercussions.

Palabras llave : International Economic Order; Macroeconomic Analysis of Economic Development; Political Economy of Capitalism; Household Analysis.

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