Showing results for "Political Returns" in Money & Finance

Before being named President Trump's Secretary of Commerce in 2017, Wilbur Ross had already earned a reputation as the "King of Bankruptcy" over his fifty-five-year career on Wall Street. Often working on high-profile bankruptcies such as Pan Am and Texaco, Ross helped restructure more than $400 billion in assets, and was named among Bloomberg's fifty most influential people in global finance. After coming to Washington, Ross faced equally tough challenges, yet survived in his post for all four years.

Globalization, long considered the best route to economic prosperity, is not inevitable. An approach built on the principles of free trade and, since the 1980s, open capital markets is beginning to fracture. With disappointing growth rates across the Western world, nations are no longer willing to sacrifice national interests for global growth, nor are their leaders able - or willing - to sell the idea of pursuing a global agenda of prosperity to their citizens.