Laura Tyson: Trump Creating Global Economic Effects

The video discusses the impact of President Trump's policies on the global economy, particularly focusing on the Mexican peso and industrial policy. It explores the implications of US economic growth, a strong dollar, and trade deficits. The discussion shifts to productivity growth, technology's role, and the challenges of technological advancement on job creation. The need for public policies to address these challenges is emphasized.

What effect did President Trump's statements have on the global economy?

• Created uncertainty

• Boosted Mexican investments

• Decreased tariffs

• Increased stability

How does a stronger US dollar affect the trade deficit?

• Reduces the trade deficit

• Has no effect

• Increases the trade deficit

• Balances the trade deficit

What is a key factor in global competitiveness according to the discussion?

• Interest rates

• Tax rates

• Productivity growth

• Trade policies

What challenge is associated with productivity growth in the US?

• High inflation

• Weak productivity measurement

• Excessive regulation

• Low employment

What is a positive aspect of technological investment mentioned?

• Strong R&D investment

• Higher consumer prices

• Increased job destruction

• Reduced product quality

What is a major concern about technology's impact on jobs?

• It has no impact on jobs

• It only affects low-income jobs

• It destroys good quality jobs

• It creates more jobs

What is suggested as necessary to address the changes brought by technology?

• Stopping technological advancement

• Reducing workforce mobility

• Implementing public policies

• Increasing tariffs