From Lexi Chase:
Despite the joyful shouts from countries world-wide concerning the end of America's hegemonic reign, there remain the faithful few who believe that America isn't finished yet. There's no question that the global and US economies are greatly suffering, but that does not mean that the US, who is supposedly responsible for dumping the economy into recession, is going to forfeit its top-dog status. According to Robert Lieber, professor of government at Georgetown University in Washington, the US economy will retain superiority just as sure as its military will face no viable opposition anytime in the forseeable future. Lieber lists a few compelling reasons for his argument:
First of all, "America's structural advantages matter much more than economic cycles." By this, Lieber is referring to the overwhelmingly giant lead that America's military and economic size/productivity has over the reat of the world. Even if the US does lose some of its might, the ratio of power it holds in comparison to other countries is huge.
Secondly, and quite simply, no other nation is willing to step up to the plate and fill America's shoes of being the world's hegemon. Even Europe's top finance ministers stated that Europe is not prepared for such a role, or even one of multi-polarity.
Thirdly, and this is the opinion of Anatol Lieven, a professor at King's College London, ""Whatever decline that leadership experiences will be relative to the weaknesses of others, and likely to leave it with reduced but still unrivaled power for some time to come" [emphasis added].
Wednesday, October 8, 2008
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