“If Trump has his way, the United States will lose its global influence, standards of living of Americans will decrease, including for those who supported him, and the world will not be safer, more secure or more prosperous.” This is the considered view of Nobel Prize winner Joseph E. Stiglitz as expressed in his latest book ‘Globalisation and its Discontents Revisited: Anti-globalisation in the Era of Trump’.

Looking at the latest developments, Mr Stiglitz’s views are supported by observers who say that two top foreign policy priorities — ending the wars in Gaza and Ukraine — both appear mired in the kind of messy details and conflicting agendas that often obstruct lasting peace.

Mr Stiglitz hopes that the United States and the world will emerge from this episode with a greater resolve to create fairer and better globalisation, as he has long advocated.

Protests citing grievances against

Trump’s agenda, ranging from social to economic issues, were held in all 50 US states on April 5.

In the early 1970s, it may be recalled, the emerging strategy for people-centric economic development was replaced by the now-faltering West-led financial globalisation, with most economies finally hit by the balance of payment crises and widening disparity in incomes among them and within nations.

As Trump’s........

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