Globalization and the Future of the United States The United States has been driven by geopolitics to drive foreign policy through most of the 20th Century. Through the last decade of the 20th Century, the world saw the close of the Cold War with the Soviet Union, and the emergence of the European Union – both forged by the United States’ involvement. They helped to create an open world economy, free trade routes and sea lanes, lenders to the world, reserve currency globally, investing abroad, and keeping their own markets open. The United States is the enforcer of the open trade and democratic government, which has been beneficial to humankind. Without a super power, like the United States, solving common problems worldwide could be far
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In a time of growth of the New World, African and Asian trade, new portions of trade owners gained strength in being able to demand, receive and maintain changes to protect their property rights. Monarchies were put in check, which limited control of trading activities. New merchants in Africa, Asia, and the New World were now able to benefit from the Atlantic trade. The Great Divergence was a result of capitalist development and economic opportunities offered by the Atlantic Trade (Acemoglu, Johnson, & Robinson). This was the first shift of power in the last 500 years. The Industrial Revolution in the United States, and abroad, during the late 19th century marks the second shift of power, which pushed the United States to the top – the most powerful country in the world. Until the past twenty years, the United States has remained the most powerful country in the world, and is now slowly in decline of power as other countries, unlikely players from the past rise to top. Since 2006, 120 countries, 30 in Africa have become major players in the world; as well as 25 companies that have risen as “emerging markets” from Mexico, South Africa,
In a time of growth of the New World, African and Asian trade, new portions of trade owners gained strength in being able to demand, receive and maintain changes to protect their property rights. Monarchies were put in check, which limited control of trading activities. New merchants in Africa, Asia, and the New World were now able to benefit from the Atlantic trade. The Great Divergence was a result of capitalist development and economic opportunities offered by the Atlantic Trade (Acemoglu, Johnson, & Robinson). This was the first shift of power in the last 500 years. The Industrial Revolution in the United States, and abroad, during the late 19th century marks the second shift of power, which pushed the United States to the top – the most powerful country in the world. Until the past twenty years, the United States has remained the most powerful country in the world, and is now slowly in decline of power as other countries, unlikely players from the past rise to top. Since 2006, 120 countries, 30 in Africa have become major players in the world; as well as 25 companies that have risen as “emerging markets” from Mexico, South Africa,