When Elected Leaders Pursue Risky Policies, What Can Stop Them?
It has been a chaotic few weeks in geopolitics.
At the beginning of the month, President Trump announced tariffs that threw the global economy into turmoil. Инвеститорите изпаднаха в суматоха, фондовите пазари се потопиха и анализаторите предвидиха непосредствена криза.
MR. Тръмп настоя, че няма да промени курса, даже когато трилиони долари в вложения се изпариха. It was only when the markets for U.S. government bonds began to show signs of distress that he recently issued a partial, temporary reprieve.
Although global markets became somewhat calmer after Mr. Trump stepped back from some of his tariffs, his apparent willingness to provoke severe distress in the stock market raises a crucial question: When governments make unpopular or Необходими решения, какво може да ги принуди да правят отстъпка?
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