By Jerry Haar and Altug Ulkumen Veni, vidi, vici. (“I came, I saw, I conquered”) Julius Caesar, 26 BC. Donald Trump, 2017. However, the new U.S. president confronts a landscape far more daunting and turbulent than the Roman emperor and his legions faced two millennia ago–namely one which is supplanting a decades-old, idealism-based global governance that originally arose from the ashes of the Second World War.
The world order that emerged after 1945 was one of even greater opportunities, as ideological barriers came crashing down a quarter of a century ago, unlocking vast labor pools that received their first taste of the free markets.
International trade and investment issues grow more complex and require major reconsideration by governments, firms and individuals. No-one is exempt from the new policy directions of the U.S. government and the impending British exit (Brexit) from the European Union (EU). They are accompanied by extensive security concerns and the need to manage vast immigration flows. Many of the accompanying political battles are not only driven by national options, but reflect the “because we can” principle. While U.S. policy changes are still under construction, Britain delivers the EU separation documents consonant with Article 50 of the Treaty of Lisbon by the end of March which then marks the bureaucratic starting point of Brexit.
Here in Washington D.C., the nation’s capital, we were drilled over the past few days to expect the snowstorm of the century. A minimum of 12 inches of snow were forecast and major anticipatory adjustments were taken. For example my health care office called to let me know about their closure – since the commute would be unbearable. Schools were closed (or on a ‘contingency’ basis), and even the visit of German Chancellor Merkel was postponed due to concerns about the plane and its landing.
We have an exciting news to share with our readers! Professor Czinkota’s new book, “as I see it”, is now available on business express’s official website. This book presents “the best of 2016” about the core issues of international business, explained and analyzed within 750 words. Also, each analysis is accompanied by a cartoon, developed by Czinkota and award-winning cartoonist David Clark.
British Prime Minister Theresa May, the first foreign leader that President Trump has hosted at the White House, joined Trump in a joint press conference at the White House on January 27th. In addition to discussing NATO and trade, Trump was asked about his relationship with Mexico and his views on the use of torture.