The age of geoeconomics

If the United States economy is in dire straits and has been paralysed by a fiscal crisis, what will happen to US power and influence? Economic and geopolitical analysts will recall in days to come the theory of “imperial overstretch” and the economic foundations of the decline of American power put forth over two decades ago by British historian Paul Kennedy (The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000, Random House, 1987).

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