Biden’s New Washington Consensus in a Trumpian World

Michael Lloyd ()
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Michael Lloyd: Global Policy Institute

Atlantic Economic Journal, 2025, vol. 53, issue 1, No 3, 19-35

Abstract: Abstract In April 2023, Jake Sullivan, in a speech to the Brookings Institute, formally announced the replacement of what had become known since the1990s as the Washington Consensus with a New Washington Consensus. This paper defines and briefly describes the original Washington Consensus. It goes on to describe and discuss in detail the New Washington Consensus and its implications. Finally, the paper outlines the potential Trump approach to this specific Biden legacy, whether or not acknowledged. The broad geoeconomic and geopolitical implications of the unwinding of what is likely to transpire are explored briefly in the context of the Trump Presidency.

Keywords: New Washington Consensus; Hegemony; Biden; Trump; Hegemony; Neoliberalism; China; Values; Internationalism; Leadership; E02; F01; F02; F12; F13; F52; F62; H77; O10 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s11293-025-09821-7

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