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The U.S. might enjoy overwhelming military advantage, but its relative economic power, which in the long run is almost invariably decisive, is in decline. The interregnum after the Cold War, far from being the prelude to a new American age, was bearing the signs of what is now very visible: the emergence of a multipolar world.
The U.S. might enjoy overwhelming military advantage, but its relative economic power, which in the long run is almost invariably decisive, is in decline. The interregnum after the Cold War, far from being the prelude to a new American age, was bearing the signs of what is now very visible: the emergence of a multipolar world.
Martin Jacques
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