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:

Academic Article

The New Interdependence Approach: Theoretical Development and Empirical Demonstration – with Abraham Newman

Mainstream approaches to international political economy seek to explain the political transformations that have made more open trade relations possible. They stress how changing coalitions of interest groups within particular states and changing functional needs of states give rise to new international agreements. While these approaches remain valuable, they only imperfectly encompass a new set ...
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Essay

Trump’s No Hypocrite: And That’s Bad News for the International Order – with Martha Finnemore

U.S. President Donald Trump can be accused of having many faults, but hypocrisy is not one of them. To be sure, Trump is wildly inconsistent. His critics have found great sport digging up old tweets in which he condemns political rivals for doing something that he himself blithely does today. But hypocrisy requires a minimal ...
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