Is the rise of protectionism good for the world?

Read dueling perspectives in our new issue and decide for yourself. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Read this email in your browser.

Trade policy is foreign policy. During the pandemic, the decline of trade sharply accelerated and made geopolitics a central factor in economic policy, giving rise to neologisms such as friendshoring. The question is whether this new economic trend is good for the world. With economics converging on geopolitics, Foreign Policy has to wade in. In FP’s Spring 2023 issue, three experts share their perspectives on the rise of protectionism. We asked Adam Posen, the president of the Peterson Institute for International Economics, to assess where U.S. economic policy is headed. Cornell University’s Eswar Prasad considers the effects on smaller economies. To get the Biden Administration’s take, FP’s Ravi Agrawal sat down for an FP Live interview with U.S. Trade Representative Katherine Tai. Is Posen, Prasad, or Tai correct? Read our new issue and decide for yourself. All of the articles from FP’s print issue are available on ForeignPolicy.com and in the FP mobile app. For policy insights you can trust, become an FP subscriber. ​​​​​​ JOIN FP ​​​​​ Interested in receiving your own copies of our award-winning print magazine? For a limited-time, we’re offering first-time subscribers 60% off three months of FP, including home delivery of the magazine. Inside the Issue

America’s Zero-Sum Economics Doesn’t Add Up Industrial policy and subsidies are nothing new and can be useful. But shutting off from the world will have consequences. By Adam Posen The World Will Regret Its Retreat From Globalization Trade and financial flows have fallen well below their peaks, and poorer countries will bear the brunt. By Eswar Prasad The White House’s Case for Industrial Policy U.S. Trade Representative Katherine Tai counters critics who say the United States is fostering unfair competition. By Ravi Agrawal It’s High Time to Prepare for Russia’s Collapse Not planning for the possibility of disintegration betrays a dangerous lack of imagination. By Alexander J. Motyl Beijing Needs to Junk Its Economic Playbook Government stimulus and greater exports can’t dig China’s economy out of a deep hole. By Zongyuan Zoe Liu

Want to receive FP newsletters? Manage your FP newsletter preferences. unsubscribe  |  privacy policy  |  contact us  |  advertise Foreign Policy magazine is a division of Graham Holdings Company. All contents © 2023 The Slate Group, LLC. All rights reserved. Foreign Policy, 1750 Pennsylvania Ave NW, Suite 200, Washington, DC 20006.

  Link