Fiscal Stimulus Programs During the Great Recession
Remarks prepared for the “Recession” Session at the “Workshop Series on the 2008 Financial Crisis: Causes, The Panic, The Recession, Lessons”
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Regional Bipolarity, The New Global Model
The United States’ superpower monopoly endures, but only in the western hemisphere. There is no regional military or economic competitor, and ideological challengers have failed or remain strategically marginal. Elsewhere, the emerging model is regional bipolarity coincident with global economic tri-polarity (United States, China, European Union).
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America on Top
Since the end of the Cold War, the United States has been the lone superpower that, if it’s so willing, can exert preponderant influence over the global, geostrategic, and geopolitical order. In a true sense, a bipolar or multi-polar world order whereby the U.S. is of equal status and influence with another “pole” or “poles” does not really exist.
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A Different Path to Global Stability
The global strategic landscape is clearly evolving beyond U.S. hegemony, presenting both challenges and opportunities for our national leaders.
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