America the Absent - By Kati Suominen | Foreign Policy is the latest in a series of recent articles and part of an ongoing discussion on the possible decline of American power and the effects on the international arena. Zbigniew Brzezinski's recent 8 Geopolitically Endangered Species makes the argument while Kati Suominen's argument is vis-a-vis the far reaching economic crisis.
The current issue of Foreign Affairs also features the debate with Robert Keohane's Hegemony and After, review essay.
The role of the United States seems to be in the forefront during this period which will be viewed historically as a watershed that begun with the collapse of Lehman Brothers in September of 2008.
The current issue of Foreign Affairs also features the debate with Robert Keohane's Hegemony and After, review essay.
The role of the United States seems to be in the forefront during this period which will be viewed historically as a watershed that begun with the collapse of Lehman Brothers in September of 2008.
I have read Ms. Suominen's article about the role of the United States in the financial crisis or lack their of presence of US involvement. Historically, the United States has been the economic paradigm of the international arena for 60 years. One can make the argument up to the financial downturn in 2008. Similar to the argument you continuously made in lesson about the lack of international support the United States has as the" international lender of last resort". There are many arguments that the Bric countries will be the fore-bearers in the 21st century and I find that hard to believe because of the weak democratic institutional framework of those countries-- Russia is plagued with coercion, India has a plethora of fragmentary cultural identity, Brasil is also fitting further with effectiveness of rule of law and socio-economic stratification, and Chinese merchantalist economic policy. All these are not viable foreign policies. I feel Suominen's argument is incomplete in the sense, that the global crisis has been underpinned by lack of cogent regulatory articulation towards financial institutions; including the United States creation of the IMF, with the criterion for loan disbursements. There needs to be structural recourse in order to stimulate recovering for the global system. It is only further indebting nations to the point of debt perpetuity. Similarly, the United states only adding 80,000 jobs and 8.3 percent unemployment are horrid indicators. Thus, pushing my point there are a lack of strong international financial institutions that practice monetary transparency. Linking her assertion to that premise, I feel would make her argument more complete.
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