Bound to Lead: The Changing Nature of American Power by Joseph Nye

A critical review of the work arguing that the decline of U.S. is a result of manufacturing economy in decline, political and international turbulence.

America, according to Joseph S. Nye in the introduction
to his book, Bound to Lead: The Changing Nature of American Power, is not in as much trouble as some doomsayers suggest. In his world view, traditional theories about the rise and fall of great powers could lead Americans to pursue the wrong strategies in the new politics of the twenty-first century. (ix). The United States is not declining, he argues, but is merely experiencing a cycle of change, one which will redefine traditional hegemonic thinking. Some economists believe America’s problems are the result of the government spending too great a percentage of the gross national product on defense, a situation sometimes described as Imperial Overstretch. Nye disagrees with this conclusion and argues that America’s decline Is the result of a manufacturing economy in transition. This…

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