End of the ‘American Century'

Allan Meltzer

World Economics, 2008, vol. 9, issue 4, 1-12

Abstract: The postwar era has ended. The institutional structures that the United States sponsored are less relevant or less accepted now, and the US is unable to solve its major domestic problems. In 1944–46, the US led the world toward new international arrangements that promoted freer markets, freer trade and financial stability. That system was very successful, but despite its success, it has lost public support. Also, the US has been unable for thirty or forty years to reach internal agreement about how to reduce oil imports, provide effective health care and produce quality education. In this paper, the author argues that countries which cannot solve main domestic problems are unlikely to lead others.

Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldeconomics.com/Journal/Papers/Article.details?ID=351 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:351

Access Statistics for this article

More articles in World Economics from World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE
Bibliographic data for series maintained by Ed Jones ().