Globalization And The Decline Of American Power

This book explores America’s decline as a global power, arguing that the implosion of Pax Americana was initiated by the process of globalization, preceding the collapse of the Soviet Union by nearly a decade. The era of Pax Americana, and with it American hegemony, is conclusively passed, and will not return in current global conditions. There is a stark contrast between the present epoch and the postwar era of American hegemony (1945–1979) in which the United States, at least outside of the Soviet sphere of influence, largely managed the international economy and reigned over international politics and relations. Drawing on both theoretical and empirical evidence, this book shows that the era of globalization unleashed forces—social, political, and economic—which broke down the status quo of American hegemony. Author Cyrus Bina also establishes that since the Iranian Revolution (1979), US involvement throughout the Middle East, in Iraq, Afghanistan, Libya, Syria, Yemen, and now notably in Ukraine has been motivated by the freefall of American hegemony and an attempt to get it back by direct or indirect military force. Bina utilizes these contexts for wider analysis and critique of a number of theories commonly used to analyze economy, polity, geopolitical, and dynamics of crisis and social change in capitalism. This book will be of great interest to students, academics, and policymakers on subjects of Economics, International Relations, Global Studies, International Political Economy, Political Geography, Sociology, and postwar History.

The United States in decline? Its admirers and detractors alike claim the opposite: that America is now in a position of unprecedented global supremacy. But in fact, Immanuel Wallerstein argues, a more nuanced evaluation of recent history reveals that America has been fading as a global power since the end of the Vietnam War, and its response to the terrorist attacks of September 11 looks certain to hasten that decline. In this provocative collection, the visionary originator of world-systems analysis and the most innovative social scientist of his generation turns a practiced analytical eye to the turbulent beginnings of the 21st century. Touching on globalization, Islam, racism, democracy, intellectuals, and the state of the Left, Wallerstein upends conventional wisdom to produce a clear-eyed--and troubling--assessment of the crumbling international order.

The internationally renowned theorist contends that the sun is setting on the American empire in this “lucid, informed, and insightful” account (The New York Times). The United States currently finds itself [a] superpower that lacks true power, a world leader nobody follows and few respect, and a nation drifting dangerously amidst a global chaos it cannot control. The United States in decline? Its admirers and detractors alike claim the opposite: America is now in a position of unprecedented global supremacy. But in fact, Immanuel Wallerstein argues, a more nuanced evaluation of recent history reveals that America has been fading as a global power since the end of the Vietnam War, and its response to the terrorist attacks of 9/11 looks certain to hasten that decline. In this provocative collection, the visionary originator of world-systems analysis and the most innovative social scientist of his generation turns a practiced analytical eye to the turbulent beginnings of the twenty-first century. Touching on globalization, Islam, racism, democracy, intellectuals, and the state of the left wing, Wallerstein upends conventional wisdom to produce a clear-eyed—and troubling—assessment of the crumbling international order. “[Wallerstein’s thought] provides a new framework for the subject of European history . . . it is compelling, a new explanation, a new classification, indeed a revolutionary one, of received knowledge and current thought.” —Fernand Braudel

This history of America’s recent past focuses on the importance of the United States’ interaction with the outside world and includes detailed accounts of the presidencies of Reagan, Clinton and George W. Bush. Provides a substantial account of the dramatic history of America since 1980, covering the Reagan years, the Clinton presidency, the impact of 9/11, the War on Terror, and the election of Barack Obama Based on both secondary and primary resources, and includes research taken from newspapers, magazines, official documents, and memoirs Written by a distinguished contemporary historian and a leading historian of the United States Discusses the growing fragmentation of American society and the increasing distance between rich and poor under the impact of public policies and global forces

The author of Governance in a Globalizing World probes the limits of American power, offering a compelling argument for the world's lone superpower to forge cooperative relationships with nations around the world.

Revolutionary improvements in technology combined with the leadership elite's enthusiasm for de-regulation of markets and free trade to fuel American-style globalization. The nation rose to economic power after the Spanish-American War, and won both world wars and the Cold war, after which America's power and cultural influence soared as business and financial interests pursued the long-term quest for global markets. But, the tragic events of September 2001 and the growing volatility of global finance, raised questions about whether the era of American-led globalization was sustainable, or vulnerable to catastrophic collapse.

This book examines the political economy of conflict between China, a rising power, and the USA, a declining one. It provides an informed analysis as to why China is the main beneficiary of neo-liberal globalisation, a project launched in the wake of the collapse of the Bretton Woods system in the late 1960s under the aegis of the USA. Why are Huawei and other Chinese high-tech giants targeted by the USA and its allies? What is the role of the state and the Chinese political system in the development of China’s political economy, as well as its globalisation? Does China’s global rise provide a viable and sustainable alternative to neo-liberal globalisation? Since American leaders view increasingly the rise of China as a threat, how likely is an armed conflict between China and the USA? This book answers these questions by using a wealth of empirical material and debating with many theoretical schools of thought, Marxist or otherwise.

Spengler's work describes how we have entered into a centuries-long "world-historical" phase comparable to late antiquity, and his controversial ideas spark debate over the meaning of historiography.