Download The Future of US Global Power: Delusions of Decline by Stuart S. Brown PDF
By Stuart S. Brown
Has the combo of protracted struggle, explosive indebtedness and mounting source of revenue inequality dealt a decisive blow to US worldwide effect and stature? Has the 'rise of the rest' thoroughly upended the distribution of worldwide power?
The flood of modern observation bemoaning the top of yank primacy could lead one to
think so.
Stuart Brown rejects this traditional knowledge, and argues that the united states nonetheless continues the composite financial, cultural, political and armed forces underpinnings befitting a essential international strength. The explanations and implications folks exchange imbalances are too usually misdiagnosed whereas the geopolitical problem from China is grossly exaggerated. the U.S. keeps to steer in worldwide affairs, disproportionately contributing to worldwide peace and stability.
In dispelling the most important assumptions underlying the case for American decline, Brown paints another photo of an everlasting strength of extraordinary strength and worldwide influence.
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Additional info for The Future of US Global Power: Delusions of Decline (International Political Economy)
Example text
As pointed out by numerous critics, the UK’s export of capital – its net creditor status – contrasts markedly with the opposite situation facing the US today. That in addition to this official capital the world’s wealthiest country still attracts steady gross inflows of private capital prompts an obvious question: why do foreign investors remain so willing to supplement their dollar-denominated assets in the immediate aftermath of a global economic crisis originating in the US? This counter-intuitive directional pattern of net capital flow has been maintained despite the anemic recovery and ominous longer-term debt outlook in the US.
32 Global Power: Key Issues In addition, the chapter offers a fundamental critique of the meaning and relationship between national “decline” and (imperial) “overstretch” that have dominated much of the literature. It argues first that decline is the more primary and less remediable of these two, often conflated phenomena. Second, I argue that attempts to equate overstretch with (fiscal and trade) deficits and energy import dependence, are, misguided. A narrower notion of “military overstretch” is shown to be a more applicable, albeit a more readily reversible, phenomenon.
9 While such arguments resonate in today’s polarized political climate, Zakaria walks an exceedingly narrow tightrope in highlighting the residual assets of the US alongside the striking advances among emerging states. 11 After all, even as a mere “chairman of the board,” the US retains an outsized capacity to reshape global institutions (2008a, 2008b). So much of today’s debate over US decline centers on the prospects for China to eventually challenge the US for global predominance. The literature is voluminous and covers a wide spectrum of opinion about China’s potential to rival the US.