Have we really reached the end of American hegemony? For those who think so, the signs of America's decline and the rise of emerging powers are everywhere. According to this line of argument, the world's sole superpower succumbed to overstretch. U.S. failures in the "war on terror" revealed the limitations of American military power, while its role in provoking the global economic crisis revealed the shortcomings of American economic leadership.
As a result, rising powers around the world feel suddenly emboldened by America's visible weakness. Brazil's president blames the worldwide recession on "white-skinned people with blue eyes," and Russia and China call for the creation of a new international currency reserve to replace the dollar. Even President Barack Obama concedes that "if there's going to be renewed growth, it cannot just be the United States as the engine." America's obituary, it seems, has already been written, and the next great powers have already been crowned. ...
To read the rest, sign up to try World Politics Review
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $11.99 monthly or $94.99/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- The Realist Prism: Can Obama Count on ‘Coalition of the Willing’ to Fight Islamic State?
- Global Insights: Responding to Crises, SCO Finally Embraces Expansion
- Islamic State Threat Puts Independence on Hold for Iraq’s Kurds
- In Fight Against Islamic State, Iraqi Kurds Are Problematic Partners
- Diplomatic Fallout: Having Tried Hope, Obama Turns to Fear to Reaffirm U.S. Power