FILE PHOTO: U.S. President-elect Joe Biden speaks about health care and the Affordable Care Act (Obamacare) during a brief news conference at the theater serving as his transition headquarters in Wilmington, Delaware, U.S. November 10, 2020. REUTERS/Jonathan Ernst
THE ELECTION of Joe Biden as US president has prompted sighs of relief across the world - not least because his White House is expected to be a boon for the international economy.
Donald Trump’s erratic behavior on trade and currencies has weighed on foreign companies and governments while doing little to fulfill his domestic objectives.
Even though it’s hard to say precisely how damaging the U.S. president’s economic agenda has been, especially with the recent Covid crisis, it’s caused enough uncertainty to undermine key global relationships and institutions. A challenge for Biden will be strengthening a multilateral framework that’s badly in need of repair.
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