Donald Trump’s threat to the global order is such that derisking and diversification are not enough, according to one Nobel laureate. Nobel economics laureate Joseph Stiglitz argues that Trump’s threat to the global order is such that derisking and diversification are not enough. “The United States will remain the most economically and militarily powerful country in the world for several more years. But it will be absent from, if not actively hostile toward, the existing international order,” he wrote in Foreign Policy this month. “By the time the United States is ready to return to multilateralism, the world will have moved on.

Source: The Irish Times January 19, 2026 08:08 UTC