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Whether they know it or not, those discussing American hegemony—or one of its synonyms—draw upon an extensive body of historical and theoretical scholarship. This scholarship comes in various flavors, such as power-transition theory and hegemonic-stability theory. These theories are not identical. But, aside from one major exception, we can treat them as part of an […]
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Noah Smith argues that China’s a bigger economic power than the United States. In Purchasing Power Parity (PPP) terms, which Smith does a nice job of explaining, China’s Gross Domestic Product (GDP) is already likely higher than that of the United States. And, at comparative growth rates that don’t seem unreasonable given macroeconomic conditions, China’s […]
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