The United States, China and the New World Order
Not so long ago, discussion of the problems of the twenty-first century started from the presumption that it would be the American Century, with the problems arising from the United States’ overwhelming economic, military, scientific and technological strengths and its unchallenged position as the sole ‘hyper power’. The onset and aftermath of the global financial crisis have seen a surge in pessimism over the prospects of the United States and prognostications that the twenty-first century will belong to China (for example Jacques, 2009; Ferguson, 2010b; Lehmann, 2010).
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