Globalized Green Lanternism

American political commentators have frequently called for the U.S. president to take effective action to improve world economic growth. Such calls are a form of what Matthew Yglesias has dubbed “Green Lanternism”—the unspoken theory that the U.S. president’s ability to affect outcomes is primarily affected by his willpower. In this article, I examine the opposite—and more plausible causal relationship—that the power of the U.S. president is shaped by the underlying secular determinant of world economic growth. I go on to examine how we might expect U.S. power and interests in building up a multilateral trading order could largely wither away under conditions of enduring weak economic growth, which some economists have argued is in fact the most plausible long-run growth path for the world economy.

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Other Writing:

Chapter in an Edited Volume

“The Political Economy of the Internet and E-Commerce,” in Political Economy and the Changing Global Order (third edition) – eds. Richard Stubbs and Geoffrey R.D. Underhill

How have new information technologies affected international political economy? In the heady years of the dot com bubble, many academics and commentators predicted that the Internet and e-commerce would empower private actors and weaken states. Indeed, some libertarians hoped that the Internet would lead to a collapse in state authority. However, these predictions have not ...
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Essay

Canada Needs to Start Preparing for Trump – and Getting Other Allies Involved – with Abraham Newman

If Donald Trump wins the presidential elections in November, even Canadians could be blocked from their bank accounts. In our recent book… Henry Farrell and Abraham Newman, “Canada Needs to Start Preparing for Trump – and Getting Other Allies Involved,” Toronto Globe and Mail, March 2, 2024. Access the full article here.
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