Will Donald Trump Change the Paradigm of Global Development?
Will Donald Trump Change the Paradigm of Global Development?

Summary/Abstract: The aim of this article is to assess the extent to which Donald Trump’s economic program could lead to the formation of a new paradigm for global economic development, built around protectionism. The analysis is based on the president’s election platform and actions during his first 100 days in office, which are particularly significant for the entire US presidency. These actions are compared to the groundbreaking programs of Franklin Delano Roosevelt and Ronald Reagan. Donald Trump’s program, in many respects similar to Reagan’s, is likely to impact the global economic paradigm, leading to a weakening of globalization processes and, in the United States, to increased income inequality, weakened institutional effectiveness, and increased risk in deregulated financial markets. The consequences of these economic changes could further weaken liberal democracy, and in foreign policy, unlike Roosevelt’s and Reagan’s programs, they could push the United States toward isolationism and unilateralism, aimed at pursuing narrowly defined national interests.

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