American Hegemony After The Great Recession: A Transformation In World Order (international Political Economy Series)
by Brandon Tozzo /
2017 / English / PDF
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This book traces America's rise as a hegemon of the capitalist
system, arguing that the greatest threat to global economic
stability is America's polarized and ineffectual political system
rather than foreign competition from China and the European
Union. The author points to China’s considerable demographic
problem, which will likely undermine its economic potential.
Furthermore, the sovereign debt crisis in Europe – which has left
the continent politically fragmented by an institutional malaise
– is evidence of the United States’ continued status as the
world’s most successful nation. Tozzo posits that, due to factors
such as its initial response to the financial crisis, the near
failure of its banking system, the catastrophe of the debt
ceiling crisis, and the election of Donald Trump as president,
the greatest threat to American hegemony is America itself.
This book traces America's rise as a hegemon of the capitalist
system, arguing that the greatest threat to global economic
stability is America's polarized and ineffectual political system
rather than foreign competition from China and the European
Union. The author points to China’s considerable demographic
problem, which will likely undermine its economic potential.
Furthermore, the sovereign debt crisis in Europe – which has left
the continent politically fragmented by an institutional malaise
– is evidence of the United States’ continued status as the
world’s most successful nation. Tozzo posits that, due to factors
such as its initial response to the financial crisis, the near
failure of its banking system, the catastrophe of the debt
ceiling crisis, and the election of Donald Trump as president,
the greatest threat to American hegemony is America itself.