Globalisation need not mean deregulation

Welcome to a new world of trade policy as the US, EU and China compete to write the rules. "A victory for Mr Trump’s Democratic rival may well restore rules-based globalisation as the default mode of international economic interaction. But it will look very different from the globalisation of the 1990s. Even if the US recommits to a rules-based order, the conflict over what the rules should be will become much fiercer." Martin Sandbu comments in the Financial Times.