THE AMERICAN HEGEMONY BETWEEN THE RISE OF NEOPROTECTIONISM AND LIBERAL ECONOMIC ORDER.

The rise of protectionism against the economic liberal order is a much-debated issue which is also associated with the debates on the future of the liberal order. This paper argues that Trump‟s economic protectionism is temporary and aims to strengthen the economic capacity of the United States rather than destroying the liberal economic order. As the USA ensures about the future of its hegemony and make himself the most beneficiary state, there can be less intervention to the functioning of the economic order. In doing this, he uses all power instruments of a hegemon which are material capability, institutions, and discourses. Trump aims to materially strengthen the USA position, and he supports this position with reorganized institutions and discourses within the liberal order. It is considered that reorganizing rules of institutions and creating a new language against the potential rivals is the most cost-effective way to preserve the global position of the United States. [ABSTRACT FROM AUTHOR]