Death of American Hegemony (not!)

[ymarkov]

By Daniel W. Drezner (foreignpolicy.com)

Let's face it, there's a general anxiety about the future of America. There's Tom Friedman's column today, which my doctors have now forbade me from critiquing in order to keep my blood pressure down. Books suggesting the United States is kowtowing to China are forthcoming. [...]

So, America is doomed, right?

To be honest, this sounds like a lot of pious baloney. As Michael Beckley points out in a new article in International Security, "The United States is not in decline; in fact, it is now wealthier, more innovative, and more militarily powerful compared to China than it was in 1991." The whole article is worth a read, and a good cautionary tale on the dangers of overestimating the ease of national catch-up:

Read the complete article here.

Comments

[malenkiy-scot.livejournal.com]

http://blogs.the-american-interest.com/wrm/2012/01/25/poll-global-investors-favor-the-us/