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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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