engleski

The COVID-19 pandemics and the incoming hegemonic shift

The objective of this paper is to analyse the importance of economic trends in the past four decades to the evolving situation in the hegemonic cycle. The theoretical framework stems largely from the systemic cycle theory. We further the conceptual research agenda which involves the inclusion of internal power resources, growth models and development strategies and macroeconomic policies in hegemonic analysis. Methodology of the paper relies on available data and projections from WTO, Word Bank and IMF. We will use them to show the extent of economic hegemonic decline in USA, and contrast this to its military and political capabilities. The paper will place the trends of the covid-19 pandemics within the broader historical tendencies including Trump era protectionism and the extent of the attempted decoupling of US from the global economy.

hegemony ; systemic cycle ; developmental strategy ; growth model ; USA

nije evidentirano