"It has become the new truth of the early 21st century that the Western
world we have known is fast losing its pre-eminence to be replaced by a
new international system shaped either by the so-called BRICs, the
‘rest’ or, more popularly by that very broadly defined geographical
entity known as Asia. This at least is how many economists, historians
and students of world politics are now viewing the future of the larger
international system. This essay does not dispute some self-evident
economic facts. Nor does it assume that the world will look the same in
fifty years time as it does now. It does however question the idea that
there is an irresistible “power shift” in the making and that the West
and the United States are in steep decline. Specifically it makes a
number of critical arguments concerning the new narrative."
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