Valdai Paper #51: US Policy And Globalization: Before And After the Global Financial Crisis

07.07.2016
A long term perspective on these questions suggests that the American Empire remains relatively robust. If we define globalization as an ever deeper global division of labor, and American empire as the political and economic centrality of the US state and economy, then a longer perspective shows strong inner continuities with the Bretton Woods period. Those continuities larger involve continuity of strategic purpose, as well as a strong continuity of tactics.

Order exists beneath the superficial chaos on which most contemporary observers focus. Put simply, a unified system of global economic governance has never existed, but that has posed no barrier to US driven globalization of economic activity. Indeed, fragmentation allows the United States to divide and conquer its potential rivals.

About the author:

Herman Mark Schwartz, Professor, Department of Politics, University of Virginia, USA

Related articles

Economic Sanctions as the Quintessence of the Trump Administration’s Carrot and…
27.06.2017
It seems that the scenario of the adoption of the sanctions bill against Russia was entirely conceived within the Trump administration, which manipulated the US Congress as an intermediary as part of

Category:
Expert Opinions
New Sanctions Bill Leaves Trump with Fewer Options on Russia
22.06.2017
There are several important factors with the proposed new Congressional sanctions that would strike a major blow at an already tempestuous and conflict-ridden US-Russia relationship. The hacking issue

Expert: 
Andrew Kuchins

Category:
Expert Opinions
Tough Reaction of Russian Military against U.S. Actions in Syria
20.06.2017
Because of the downed Syrian Su-22 Russia stopped cooperation with the United States on the Syria memorandum. It is clear that the Americans will have to fly in the Russian air defense zone, and such

Category:
Expert Opinions