Trumplization and its Impact on World Economy

Objective: This view point deals with new economic proposals like Enhancement of employment of local people, Prevention of outsourcing and Prevention of migration by the President of United States of America-Mr.Donald Trump, named as Trumplization and its impact on the Global economy. Apart from that, this contribution deliberates the impact of Trumplization in the economies of India and China and also underlines the concept of Trumplization and its Impact on the Global Economy.

Methods: This view point is the outcome of observation of this author about the announcement made by the Mr. Donald Trump on Migration, Outsourcing of Business, other trade policies and its impact on world economy. The author named the policies of Trump as Trumplization. The author referred articles and News Paper reports with regards to various announcements made by the Trump at various occasions and the opinion of eminent academicians in the field of economics were also obtained to prepare his View Point.

Findings:
1) The policies of Trump will create uncertainties in the world economy.
2) The china will be worst affected country as its exports may be curtailed to the significant level because of the Trumplization.
3) India will also get affected by the Trumplization as it mention about the prevention of outsourcing of business.
4) The US also will get affected by the Trumplization as it will increase the cost of production thus leads to enhancement of inflation and the outsourcing and migration policies will have on impact on migration of skilled people from other countries which may create labour shortage in the US.
This view point suggest that the effective implementation of Trumplization will create economic imbalance among the world countries in short term and in longer term, perhaps leads to economic slowdown or Economic Meltdown.

Application: 1) The outcome of this view point can be used as reference for the policy makers of Trump’s Administration.