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This book is a collection of essays written by Jørgen Ørstrøm Møller since 2015, which focus on the geopolitical, geoeconomics and societal developments of recent times, including the war in Ukraine, Brexit and the future of the European Union, as well as the economic trajectories of the US, China and the UK.With the dissolution of the Soviet Union in 1991, the US emerged as the sole superpower in a new world order. However, the rise of China in the subsequent decades has coincided with the reduced standing and power of the US.Understanding the shift in the global power balance requires an appreciation of the domestic developments in the US and China. On the one hand, the US under the Trump administration had taken a protectionist stance in its trade policies and built walls along its borders to keep out immigrants. On the other hand, the Chinese government has aggressively expanded its economy and posted high economic growth, as part of its efforts to uplift the lives of its people.With the US' economic strength in decline, how long will the incumbent superpower be able to hold on its pole position before being replaced by a challenger? This question and more are addressed in this book.
The recent global financial crisis illustrates how fragile economic globalization is and how vulnerable all global citizens are to economic events outside their own country. Indeed, global economics is more important for national economic growth than domestic policies. Globalization and change interact and shape the economic environment for citizens and enterprises. These essays represent observations made over a ten-year period which attempt to analyze what is happening, why it happened and the impact on global and national economic growth. Readers may not find solutions or answers to all the perplexing events in the world, but they will gain a better understanding of how global politics and economics work, and in some cases, how they should but actually do not work.
Joergen Moeller's previous book discussed the impact of technology, dehumanization and values on politics and economics. In this book, he takes his analysis a step further. The cocktail of capitalism, globalization and technology has turned toxic, causing disruption in the global economy and societal structures. Economic globalization is being replaced by a mixture of globalization, regionalization, and economic nationalism. Neither the US nor China will, in the mid-2030s, possess the strength to be a global leader, and power will mainly rotate around a regional axis. The existing political systems and institutions governing the global system see their primogeniture challenged. Social networks open the door to communication for everyday - while they link the world to a degree never before seen, they also divide people according to cultural norms and values, and the large data companies possess enormous power that threatens both national governments and the global political and economic infrastructures.
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