Donald Trump’s election victory is likely to mean cuts and shifts in the United States’ foreign aid budget. with a knock-on effect on research funding. Gustav F Papanek, director of the Boston Institute for Developing Economies, reads the runes.
There is no precedent for the likely policies of a Trump administration. His programme seems to be a curious amalgam of the standard Republican fare of lower taxes, especially for the rich, and less regulation, combined with a non-Republican programme to create middle-class jobs for (mostly white) workers who lost jobs in industry and mining.
The major elements in job creation are tariffs and other steps that make imports more expensive—to shift manufacturing jobs back to the US—and a massive infrastructure investment programme that will also create jobs.
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