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

“Transnational Actors and the Transatlantic Relationship in E-Commerce” in The Negotiation of the Safe Harbor Arrangement, Creating a Transatlantic Marketplace – ed. Michelle Egan

In the recent past, scholars have sought better to understand the evolving EU-US relationship, both in its own right, and as an important example of emerging forms of international governance.1 Particular attention has been paid to the important role that transnational actors have begun to play in this relationship. Business, consumer, labour and environmental interests ...
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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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