209th White Talk

Huang Yasheng's Analysis of the Trump Era: Reflections on American Economy, Politics and Democracy

In 2015, when Trump announced his candidacy for the US president, almost no one thought he had hope for success. After the election, Trump began to whisper on Twitter and did everything that was done by mature politicians. At the same time, he was also used by talk shows as a target of sarcasm. The Americans at the time put more emphasis on guessing Hillary Clinton and Bernie Sanders, who could become the final Democratic candidate, and did not have much interest and hope for the Republican candidates. After all, Trump has never been a qualified presidential candidate in the eyes of most people.

At that time, the US economy was coming out of the trough, leading the world economy to the path of recovery, and the Fed began to raise interest rates. The stock market and the bond market have experienced a long bull market, and the soaring asset prices have made those who have bottomed out in the economic crisis earn a lot of money. At the same time, the US national debt continues to rise, the debt ceiling is constantly being touched, and the two parties have launched a round of political tug-of-war. Although the unemployment rate in the United States has been declining, the labor participation rate has been at a low level for a long time. A large number of manufacturing jobs seem to have disappeared from the United States and moved to countries such as Mexico and China. Even the service industry has been increasingly outsourced to India.

In the eyes of most people, everything seems to be drifting away on a predetermined orbit. The future is not very bright, but it is still certain, not disturbing. However, things have finally developed in an unexpected direction: when the presidential campaign debate was broadcast live, there were numerous comments against Hillary on Youtube, and there were thousands of "Hillary is a liar" screen. On the night of the campaign count, several swing states were successively won by Trump, and voters in many rural areas voted for him. In the end, Trump was elected, and the Republican Party also won a majority in both Houses of Congress. The US Congress finally gained unity after many years.


Some commentators said that Trump’s election represents the rise of populism and will have a major impact on the economic and political landscape of the United States and the world. Today, Trump has just passed the first anniversary of his election and published his first State of the Union address. Under his impetus, the United States implemented a large-scale tax reform, and the next goal was to turn to infrastructure and national security.

A famous scholar, Professor Huang Yasheng came to Bailu to speak: Trump era: reflection on American economic, political and democratic.

Guest speaker introduction

Huang Yasheng is the deputy dean of the Massachusetts Institute of Technology Sloan School of Management, professor of political economy and international management, and professor of international economics and business. He is also an adjunct professor at Fudan School of Management and an honorary professor at Hunan University. He has served as a faculty member at the University of Michigan, Harvard University, and a consultant to the World Bank. His research interests include international business management, political economy, and institutional economics.

In 2010, he was selected by the National Institute of Research as one of the most influential scholars in the study of Asian issues in the United States. At the MIT Sloan School of Management, Professor Huang Yasheng founded the “China Lab” and the “India Lab,” to help SMEs improve their management. His writings include "Innovative Innovation", "Capitalism with Chinese Characteristics", "Sales China" and so on.

details of the event

-DATE AND TIME-
February 18, 2018, 13:30-16:00

-LOCATION-
Global center for Academic & Spiritual Life, SC95
238 Thompson St, New York, NY10012

-DESCRIPTION-
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Huang Yasheng

Huang Yasheng is the deputy dean of the Massachusetts Institute of Technology Sloan School of Management, professor of political economy and international management, and professor of international economics and business. He is also an adjunct professor at Fudan School of Management and an honorary professor at Hunan University. He has served as a faculty member at the University of Michigan, Harvard University, and a consultant to the World Bank. His research interests include international business management, political economy, and institutional economics.

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