Two Ways the Donroe Doctrine Will Get Tangled in a Shifting Global Economy
China’s capital outflows are accelerating, and Europe is soldiering on with free trade
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The birth of the “Donroe Doctrine” in the wake of this month’s US intervention in Venezuela has triggered discussions of a new global order shaped by the return of gunboat diplomacy and a neo-imperial embrace of spheres of influence and other grand ideas of power drawn from the 19th century.
It’s a safe bet, though, that the unfurling reality for the global economy will turn out to be more tangled than any neat conceptions of history. Especially with Donald Trump involved. Bloomberg’s John Authers dove into the historical parallels and the flawed comparisons going into the weekend.