The Return of Strong Man Economics
It’s not just Donald Trump. The global spread of liberal democracy was meant to result in the election of liberal, pro-Western leaders. Instead, a wave of strongmen rulers has been elected, including Shinzo Abe in Japan, Recep Tayyip Erdogan in Turkey, Narendra Modi in India, Vladimir Putin in Russia and China’s Xi Jinping. The rise of these leaders reflects a new chapter in history as mistakes made by the West have given rise to the sharp anti-Western edge of leaders and as American and European power recedes, a global resurgence of non-Western attitudes is taking place. What are the economic consequences of this political upheaval and geopolitical turmoil? Our expert panel examines the evidence.