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:

Essay

Bubble Trouble

In a 2009 book about the social consequences of the Internet, The Age of the Infovore, the economist and blogger Tyler Cowen argues that new technologies enable us to decide what information to consume and, as a result, to remake ourselves. Instead of reading the same newspaper or watching the same television news, we can ...
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Academic Article

“Legislate or Delegate? Bargaining over Implementation and Legislative Authority in the European Union”

In this article we explain how actors’ ability to bargain successfully in order to advance their institutional preferences has changed over time as a function of the particular institutional context. We show how actors use their bargaining power under given institutional rules in order to shift the existing balance between legislation and delegation, and shift ...
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