Over the last two decades, America's position in the world has
declined and the world economy has suffered an extended period of
stagnation resulting in a severe sociopolitical crisis. This volume
brings together thirteen experts in world-systems analysis to
examine the long-term effects of this crisis in world order. Using
historical and quantitative analysis, the contributors both
theoretically and empirically discuss possible transformations of
U.S. society and the world-system, focusing on North-South trade,
East-West conflicts, and the relations of the United States with
Europe, Japan, and Central America. The effects of this economic
crisis on American social life are explored in depth, with emphasis
on the organization of business firms, the status of women, and the
state of American culture.
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