How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based "hegemonic globalization", built on two central premises: countries differ in their preferences over policies (such as the rule of law or regulatory frameworks) and trade between any two...

Zwischen den USA und der Europäischen Union (EU) könnte sich ein vollumfassender Handelskrieg entwickeln. Vor drei Monaten erhob US-Präsident Donald Trump am "Liberation Day" hohe Einfuhrzölle gegen fast alle Länder, auch die EU. Dann setzte er sie kurzfristig aus, um mit über 90...

How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based "hegemonic globalization," built on two central premises: countries differ in their preferences over policies (such as the rule of law or regulatory frameworks) and trade between any two...

The United States (US) and European Union (EU) are at risk of entering a full-blown trade war. Three months ago, on "Liberation Day", US President Donald Trump imposed high import tariffs on almost all countries, including the EU. He then suspended them at short notice to negotiate with over 90...

How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic globalization,” built on two central premises: countries differ in their preferences over policies (such as the rule of law or regulatory frameworks) and trade between any...

Zwischen den USA und der Europäischen Union (EU) könnte sich ein vollumfassender Handelskrieg entwickeln. Vor drei Monaten erhob US-Präsident Donald Trump am "Liberation Day" hohe Einfuhrzölle gegen fast alle Länder, auch die EU. Dann setzte er sie kurzfristig aus, um mit über 90...