The Endangered Asian Century
America, China, and the Perils of Confrontation
After the election of Donald Trump to the presidency, there were wide expectations that the market would respond negatively to his unexpected victory. And yet stock markets rose globally and remain up today. Bond markets have not unwound as predicted, and overall, business as usual seems to be the order of the day in global finance. In an age of political turbulence, the financial world, at least, seems rather stable.
This special Foreign Affairs anthology examines whether, despite this surface calm, the geopolitics of finance has shifted over the last decade, given the near collapse of the world’s banking systems and the rise of populists and nationalists all eager to change the status quo in one way or another. What might be the fault lines in the financial world that could precipitate another crisis, and possible realignments, in the global monetary order? Find out by clicking below to read this special collection.