E-Book Content
International Political Economy Series Series Editor: Timothy M. Shaw, Visiting Professor, University of Massachusetts Boston, USA and Emeritus Professor, University of London, UK Titles include: Morten Bøås, Marianne H. Marchand and Timothy Shaw (editors) THE POLITICAL ECONOMY OF REGIONS AND REGIONALISM Paul Bowles and John Harriss (editors) GLOBALIZATION AND LABOUR IN CHINA AND INDIA Impacts and Responses Stuart S. Brown THE FUTURE OF US GLOBAL POWER Delusions of Decline James Busumtwi-Sam and Laurent Dobuzinskis TURBULENCE AND NEW DIRECTION IN GLOBAL POLITICAL ECONOMY Bill Dunn GLOBAL RESTRUCTURING AND THE POWER OF LABOUR Myron J. Frankman WORLD DEMOCRATIC FEDERALISM Peace and Justice Indivisible Richard Grant and John Rennie Short (editors) GLOBALIZATION AND THE MARGINS Graham Harrison (editor) GLOBAL ENCOUNTERS International Political Economy, Development and Globalization Adrian Kay and Owain David Williams (editors) GLOBAL HEALTH GOVERNANCE Crisis, Institutions and Political Economy Dominic Kelly and Wyn Grant (editors) THE POLITICS OF INTERNATIONAL TRADE IN THE TWENTY-FIRST CENTURY Actors, Issues and Regional Dynamics Sandra J. MacLean, Sherri A. Brown and Pieter Fourie (editors) HEALTH FOR SOME The Political Economy of Global Health Governance Craig N. Murphy (editor) EGALITARIAN POLITICS IN THE AGE OF GLOBALIZATION Morten Ougaard THE GLOBALIZATION OF POLITICS Power, Social Forces and Governance ´ Jørgen Dige Pedersen GLOBALIZATION, DEVELOPMENT AND THE STATE The Performance of India and Brazil Since 1990 K Ravi Raman and Ronnie D. Lipschutz (editors) CORPORATE SOCIAL RESPONSIBILITY Comparative Critiques Ben Richardson SUGAR: REFINED POWER IN A GLOBAL REGIME Marc Schelhase GLOBALIZATION, REGIONALIZATION AND BUSINESS Conflict, Convergence and Influence Herman M. Schwartz and Leonard Seabrooke (editors) THE POLITICS OF HOUSING BOOMS AND BUSTS Leonard Seabrooke US POWER IN INTERNATIONAL FINANCE The Victory of Dividends Timothy J. Sinclair and Kenneth P. Thomas (editors) STRUCTURE AND AGENCY IN INTERNATIONAL CAPITAL MOBILITY J. P. Singh (editor) INTERNATIONAL CULTURAL POLICIES AND POWER Susanne Soederberg, Georg Menz and Philip G. Cerny (editors) INTERNALIZING GLOBALIZATION The Rise of Neoliberalism and the Decline of National Varieties of Capitalism Kenneth P. Thomas INVESTMENT INCENTIVES AND THE GLOBAL COMPETITION FOR CAPITAL Helen Thompson CHINA AND THE MORTGAGING OF AMERICA Economic Interdependence and Domestic Politics Ritu Vij (editor) GLOBALIZATION AND WELFARE A Critical Reader Matthew Watson THE POLITICAL ECONOMY OF INTERNATIONAL CAPITAL MOBILITY Owen Worth and Phoebe Moore GLOBALIZATION AND THE ‘NEW’ SEMI-PERIPHERIES Xu Yi-chong and Gawdat Bahgat (editors) THE POLITICAL ECONOMY OF SOVEREIGN WEALTH FUNDS International Political Economy Series Series Standing Order ISBN 978–0–333–71708–0 hardcover Series Standing Order ISBN 978–0–333–71110–1 paperback (outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and one of the ISBNs quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England The Future of US Global Power Delusions of Decline Stuart S. Brown Maxwell School, Syracuse University © Stuart S. Brown 2013 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, Lo