The global economy's three games

Jean Pisani-Ferry | Hertie School of Governance | 13 November 2018

Chess masters are able to play simultaneously on several boards with several partners. And the more time passes, the more US President Donald Trump's international economic strategy looks like such a match.

There are three major players: the United States; China; and, a loose coalition formed by the other members of the G7. And there are three games, each of which involves all three players. However, unlike chess, these games are interdependent. And ...