Sunday, January 22, 2017

“Middle class hopes in vain to Trump’ – Telegraaf.nl

    That it appears from a survey of economenwebsite MeJudice under 42 Dutch economists. The question of whether the Trumps plans will lead to a better position of the middle class in the next ten years answer 64,3% negative.

    Rising prices

    "The measures to international trade may be short-term employment," says Eelke de Jong, professor of International Economics (Radboud University nijmegen). "But in the long term, increase the prices that the Americans as a consumer have to pay."

    Professor of economics Sweder van Wijnbergen (UvA) fear that Trump a trade war will cause. "That hurts the export industry, leading to lower real wages and will to retaliate, lead, from, for example China. And that rather it leads to a global recession than growth."

    Break with consensus

    Trump, wants hundreds of billions investing in roads, tunnels, and other infrastructure. He is also planning to reduce taxes. He also wants free trade largely to curb and old industry in the United States to protect and abroad disappeared jobs recovery.

    Of the surveyed economists think 28,6% that Trump the end of the globalization ushers. "Trumps election and the economic policy which he advocates marks a break with 35 years Davos consensus," says Ewald Engelen, professor of Financial Geography (UvA). "What the elite should fear is that Trump after eight years of asinine begrotingstekortreductie sometimes successful might be."

    Economist Fieke van der Lecq (professor VU) will also see major changes in the area of free trade, but writes that is not Trump. About globalization, she writes in the survey: "The (temporary) end was already foreshadowed."

    Despot

    About the resilience of the American democracy, some economists very bleak. 52.4% of the economists is worried that democracy is harmed will be by the bestuursstijl of Trump. Most of them write frankly that they have no political scientist and no expert in this area, but many have nevertheless have an idea about.

    "Trump has all the traits of an evil despot," says professor Bas Jacobs (Erasmus University). "He is already more broken than our love is. I have no reason to believe that the Congress Trump all will go stop it."

    "it is To be hoped that those 'checks and balances' are strong enough, but I’ve seen the appearance of Trump after his victory and his 'Godfatherlijke' style of the things, little peace of mind," says professor Frank den Butter (VU).

    Strong growth

    A third of the surveyed economists expect that the large-scale investments of Trump a new period of strong economic growth in the united states will usher in. "Transport and infrastructure investment are good," professor of Banking and Finance Dirk Schoenmaker (Erasmus University).

    "However, the plans for the energy infrastructure (shale gas and coal) are disastrous for the environment and thus on longer-term population and economic growth.

    According to Jacobs will Trumps policy in the long term turn out badly: "Trumps plans have short-term positive effects (investments and reductions). But they will, in the long-term, large economic damage: less trade, less competition, more financial instability and greater inequality."

    Boekentips of well-known economists

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