Globalization has been stunted in the face of a growing aspiration to rebuild political communities behind national borders.
Leading central banks are now keen to take on responsibility for policy objectives they previously shied away from.
If President Trump is defeated, there will be no lack of eagerness to erase his international economic legacy.
Changes in borrowing costs and output growth have changed the playing field for fiscal policymakers.
Since the global financial crisis erupted in 2008, productivity has grown at a snail’s pace.