Economic historian Paul Kennedy is arguably the West's most influential scholar on the decline of great powers. When you hear or read someone talking about whether or how America is being eclipsed as the world's pre-eminent power, you are almost always getting a derivation of Kennedy's seminal 1987 work, The Rise and Fall of Great Powers.
Two narratives are currently going on. One is the global financial turmoil. The second is America 's place in the world now and going forw A – You know how Truman said he'd give anything for a one-handed economist? You are going to want a one-handed economic historian. Since you already have some historians telling you about the analogies, let me just go through what is different.
This time we are talking of most of the world coming together – North-South, and East-West. Then, there was still a western-oriented discussion. The Soviet Union was in its own, closed environment. Most of the world was in its own tariff regime.
The biggest difference is the absence of anyone seeking to alter the territorial status quo. The Depression allowed extremist countries to exploit a resen lank" href="http://en.wikipedia.
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