Globalization and the Decline of American Power: The Political Economy of the American Fall

This book explores America’s decline as a global power, arguing that the implosion of Pax Americana was initiated by the process of globalization, preceding the collapse of the Soviet Union by nearly a decade. The era of Pax Americana, and with it American hegemony, is conclusively passed, and will not return in current global conditions.

There is a stark contrast between the present epoch and the postwar era of American hegemony (1945–1979) in which the United States, at least outside of th...