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Essay / Research Paper Abstract
A 5 page paper examining the role of the US in the future world economy. It appears inevitable that the US is in the closing stages of its economic leadership, but neither is there a single country poised to take the lead. There is a single region, however; Asia will lead in the same way that the US has led until now. A strong and active US is vital to the world economy at present, but it will not remain in that position for more than a few decades. Bibliography lists 10 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSintlRelEcon.rtf
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Unformatted sample text from the term paper:
to be assessed here is how important is it that a strong leader "maintain order in the international economy?" Is such a leader necessary, or can it be replaced
by a system of rules, norms, or institutions? Assuming that the United States is the world leader of the international economy, is it necessary that the US continue to
be strong and active "for a stable world economy, or can the same role by played by other states or institutions?" Current Situation
Before all of the implications of the "Japanese invasion" were fully known, Kennedy (1987) traced the economic history and development of the West from the mid-16th century. Industrialization created
a shift in world balances, of course, leading in the late 19th century to the development of what Kennedy (1987) labeled the "bipolar world." That bipolar world began to
emerge in 1885 and after the end of World War I continued to develop until the middle of World War II. The period of 1943 to 1980 Kennedy (1987)
describes as lending a blend of stability and change to the bipolar world that had begun to emerge nearly a century earlier. The
United States was not always at the center of this development, particularly in the beginning. It came to be at the center, however, and today the "US has the
largest and most technologically powerful economy in the world, with a per capita GDP of $42,000" (United States, 2006). This is not the worlds largest per capita GDP; that
distinction belongs to Bermuda at $69,900 (Rank Order, 2006). Luxembourg, Equatorial Guinea, United Arab Emirates, the Cayman Islands and Norway all have higher per capita GDPs than does the
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