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The Mar-a-Lago Accord and Beyond

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  • Graham Bird

Abstract

In addition to policies focusing on trade, the Trump Administration has also proposed policies that will affect the international monetary system. The so-called Mar-a-Lago Accord envisages putting pressure on other countries to help reduce the value of the US dollar. The Mar-a-Lago Accord is loosely modelled on the Plaza Accord of 1985, but the world is a very different place in 2025. Trying to eliminate bi-lateral trade deficits is a misplaced policy, as is exclusive reliance on dollar depreciation to achieve it. The contemporary policies of the US Administration are likely to have significant, far-reaching and lasting negative effects on the nature and operation of the international monetary system and the world economy.

Suggested Citation

  • Graham Bird, 2025. "The Mar-a-Lago Accord and Beyond," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 26(2), pages 17-36, April.
    • Handle: RePEc:wej:wldecn:946
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=946
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