Law and Policy in International Business, Vol. 25, p. 193, 1993
64 Pages Posted: 17 Oct 2010
Date Written: 1993
In the remaining years of the twentieth century, one of the most important acts in the drama of U.S. foreign policy will unfold. It will bring to center stage the story of whether America’s global leadership will survive into the twenty-first century. Despite the lopsided "American" victory over communism and the former Soviet Bloc countries in the Cold War, the United States today faces strong challenges to its long supremacy in international affairs. Even as communism disintegrated in Eastern Europe and the Soviet Union at the end of the Cold War, the United States ironically suffered a relative decline in her technological and economic leadership vis-a-vis Japan and Western Europe. Since economic power, rather than military might, now appears to be the key ingredient in the formula for world leadership, the preeminent position of the United States may possibly be eclipsed by Japan or a unified Europe as the twenty-first century draws near. The approach of the next century may well signal the end of the "American Century" and the beginning of a century dominated by a new cast of characters.
Suggested Citation: Suggested Citation
Seita, Alex Y., Discussing Japan Rationally (1993). Law and Policy in International Business, Vol. 25, p. 193, 1993. Available at SSRN: https://ssrn.com/abstract=1692833