The Age of Economic Deterrence

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There is no popular or expert consensus about which actors possess economic power in the 21st century. Public uncertainty is reflected in the April 2010 Pew Global Attitudes survey, which reveals interesting cross-country discontinuities in the perception of power. When asked to identify “the world’s leading economic power,” a majority of respondents in a diverse array of developing countries — including Brazil and India — name the United States. On the other hand, in the developed world, the results look dramatically different, with strong pluralities in five of the original G-7 economies — including the United States, Japan and Germany […]

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