Saturday, August 13, 2011

“Whatever happens to the United States in the global economic rankings, it will remain a great country.”

“Three Cheers for Decline” – that is the title of an article dated 9 August 2011 published in Foreign Policy by Charles Kennedy, columnist of Foreign Policy, senior fellow at the Centre for Global Development, and Schwartz fellow at the New America Foundation. http://www.foreignpolicy.com/articles/2011/08/09/three_cheers_for_decline

He argues that there is a time for empires to retreat and perhaps enjoy a new status in an inter-dependent and multi-polar world as a more equal and less dominant partner, drawing on historical lessons of ultimate empire overreach as in the case of Great Britain.

This is a very provocative article coming as it is in the midst of much hype and angst. The hype is that somehow America now ceases to be a superpower. The angst is an anxious desire to perpetuate American dominance in a transformed world.

The whole world will agree, “Whatever happens to the United States in the global economic rankings, it will remain a great country.” Only its priorities are a little lopsided for the moment.

In fact, China’s leadership commissioned a wide-ranging study (2005-6) titled ‘The Rise of Great Powers’, involving many face-to-face interviews with world leaders and thinkers, including Valéry Giscard d'Estaing, Joseph Stiglitz, and Paul Kennedy. It was made into a 12-part national TV series and has been available in DVD (in Chinese). He may have his detractors, but Paul Kennedy’s ‘The Rise and Fall of the Great Powers’, Vintage Books, Random House, New York, 1989 about empire over-reach doesn’t sound that much out-of-date.

Set to rise not beyond Turkey in per capita GDP terms even by mid-century, China has many problems on her hands than to indulge in the illusion of empires.

Dilip Hiro’s book, "After Empire: The Birth of a Multipolar World", Nation Books , 2009, is perhaps instructive. Here is a link to an excerpt http://www.yaleglobal.yale.edu/content/after-empire-birth-multipolar-world

Nevertheless, China's Rise is indisputable. Hopefully, my note 'The great American Downgrade : What would China do and what are its long-term implications" will throw some light on how China is going to fit into a multi-polar world" http://www.andrewleunginternationalconsultants.com/files/the-great-american-downgrade---what-would-china-do-and-what-are-its-long-term-implications-3.pdf

Best regards,

Andrew


www.andrewleunginternationalconsultants.com

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