The Myth of America's Decline

The Myth of America's Decline : Leading the World Economy into the 1990's

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America's power has declined since 1945, yet America's democratic purposes are more widely emulated in the world today than ever before, and economic growth and employment in the United States in the 1980s reached levels that rivaled the boom years of postwar prosperity from 1947-1967. Challenging the pessimists who focus only on the decline of American power, this book argues that outcomes depend much more on how America defines its political identity or national purposes in the world community and what specific economic policies it chooses. In recent years, America has projected a more self-confindent political identity, anchoring an unprecedented trend even in the communist world towards freer political institutions; and future American economic policy choices, especially the need to reduce the budget deficit, still hold the key to preserving and enhancing what considerable power the United States retains. This pathbreaking book is intended for the general reader, but will be essential reading not only for economists, politicians, and policy makers, but also for scholars and students working in economics and international relations.show more

Product details

  • Hardback | 440 pages
  • 160 x 238 x 38mm | 798.32g
  • Oxford University Press Inc
  • New York, United States
  • English
  • 0195060016
  • 9780195060010

Table of contents

Introduction: Leadership or decline: America's choice; Part I: Domestic and international sources of U>S> foreign economic policy: Purpose, policy and ideas: A choice-oriented perspective on American foreign economic policy; Power, markets, institutions and society: Linking voluntarist concepts with international constraints; Part II: Making Bretton Woods: The Bretton Woods agreements: A false start; The Marshall Plan: Purpose and policy for prosperity; Part III: Breaking Bretton Woods: Blaming Bretton Woods: Purpose and policy collapse; Ending Bretton Woods: Cooperation without content; Part IV: Restoring Bretton Woods?: Recession 1979-1982: Domestic policy adjustment and international conflict; Rebound 1983-1985: Missed opportunity for International cooperation; Retreat 1985-88: International cooperation without domestic adjustment; Part V: The Limits of Bretton Woods: Managing East-West trade: Denial, detente and deterrence; Conclusion: The Bretton Woods Policy Triad in the World Economy of the 1990sshow more

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