Can Trump win it for USA?
Trumponomics is mediaeval and grueling at the global stage; but will it be able to derive the intended benefits for USA? By closing the trade doors Trump’s administration expects to reduce the trade deficits. Can weakening a foreign currency be a full-proof solution to manage trade balance? The answer is a straight NO. Basic trade theories can be used to explain why Trumponomics will fail. USA lacks the capability (basic capability to produce most of the manufacturing goods at a [...]