An Agenda for Global Fiscal Activism
The British government, along with the next US president, should broaden the definition of fiscal activism beyond domestic infrastructure investment to include global development more generally. Without thriving export markets, British and American attempts to rebalance their economies will be in vain.
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LONDON – Two important events loom on the calendar this month: the United States’ presidential election on November 8, and British Chancellor of the Exchequer Philip Hammond’s first Autumn Statement on November 23. Obviously, the latter will not be as significant an event as the former, but it nonetheless will have important consequences beyond the United Kingdom.