LSE Professor Pissarides' Economic Tips for Donald Trump

The video discusses the economic challenges faced by President Trump, focusing on the need to address uncertainty and stimulate 'animal spirits' in the economy. It examines the potential impact of tax reform and infrastructure spending, drawing parallels with Reagan's presidency. The discussion shifts to globalization's effect on industrial production, highlighting the shift to countries like China and India. Finally, it explores the rise of services as the new industrial production, emphasizing automation and export potential.

What is the main economic challenge President Trump needs to address according to the first section?

• Improving healthcare

• Reducing taxes

• Increasing industrial production

• Eliminating uncertainty about animal spirits

What is a potential obstacle to President Trump's tax reform and infrastructure spending plans?

• Insufficient technological advancement

• Opposition from other countries

• High levels of national debt

• Lack of public support

How does globalization affect industrial production in the United States?

• It reduces the need for services

• It shifts production to other countries

• It eliminates trade barriers

• It increases domestic production

What is becoming the new focus of economic growth according to the third section?

• High-quality services

• Agriculture

• Traditional manufacturing

• Mining

Which sector is highlighted as having potential for future growth due to technology and automation?

• Construction

• Automobile manufacturing

• Service sector

• Textile industry