The Decline of the American World Order
It is not the fall of America but the fall of the West, led by America, which contributes towards the decline of American hegemony and its world order. Their current military and economic state permits their hard power to be unchallenged. America overtook Britain as the leading producers of the world’s wealth in 1876 and now rests on a GDP of 16 trillion dollars . At the same time it acts as the world’s leader for Foreign Direct Investment [FDI] at 180 billion dollars, twice that of its nearest competitors. With 4,600 nuclear warheads available for distribution, another 2,700 in storage and spending a massive 560 billion a year on defence, America consequently owns the world’s most powerful military. As much as America succeeds in being the dominant player in terms of hard power, superior military and economic power does not necessarily translate to geopolitical influence. Cultural influence or as IR Scholar Joseph Nye states ‘soft ...