Will Donald Trump's election put America first and global conflict next?

The historical record is clear: protectionism, isolationism, and 'America first' policies are a recipe for economic and military disaster

Donald Trump's election as president of the United States does not just represent a mounting populist backlash against globalisation. It may also portend the end of Pax Americana - the international order of free exchange and shared security that the US and its allies built after the second world war.

That US-led global order has enabled 70 years of prosperity. It rests on market-oriented regimes of trade liberalisation, increased capital mobility, and appropriate social welfare policies; backed by American security guarantees in Europe, the Middle East, and Asia, through Nato and various other alliances.

Related: What the US economy doesn't need from Donald Trump | Joseph Stiglitz