The Post-American World is a non-fiction book by American journalist Fareed Zakaria. It was published in hardcover and audiobook formats in early May and became available in paperback in early May ; the Updated and Expanded Release followed in Release Fareed Zakaria (Author) Fareed Zakaria’s international bestseller The Post-American World pointed to the “rise of the rest”—the growth of. Zakaria, the host of CNN’s Fareed Zakaria GPS and an editor at large for Time The Post-American World: Release by Fareed Zakaria.
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Dubai now boasts the world’s largest building, Burj Khalifa. Zakaria says the world is now experiencing what he calls “the rise of the rest,” where countries around the world are growing at previously unthinkable rates.
Thirty years ago, the United States dominated the world politically, economically and scientifically. America, Zakaria says, is also starting to lag behind other countries in education, building a competitive workforce, and fostering new energy and digital infrastructure to support those workers — all markers of long-term economic growth.
He says America is now heading toward what he calls a “post-American” world, in which the United States’ share of the “global pie” is much smaller — as the rest of the globe begins to catch up. If we didn’t have the rest of the world growing, the United States economy would be amerjcan much worse shape than it is today. But Zakaria cautions that the economic growth around the world — and the benefits that global economic stability create — do not extend to the political arena.
Of course, the established power — the United States. It’s not possible for two countries to be the leading dominant political power at the same time. America’s political system, Zakaria says, becomes mired in debate and cannot deal with the short-term deficit.
We would go to posf bottom of the pack in terms of deficit as a percentage of GDP among the rich countries in the world — we would basically solve our fiscal problems for the short term. And we have the best universities in the world.
We also have impeccable credit. What we don’t have is a political system that can take the simple measures to deal with our short-term deficit. I think, more importantly, there is a high enough risk here that this is surely a game we don’t want to play. There are events that economics call low-probability, high-impact events that you zakarix want to test. You don’t want to see if this is one of those things that is an unlikely situation but once it happens could have a huge seismic global effect, because then the cost of dealing with the after-effects is just cataclysmic.
It is absolutely clear that government plays a key role, as a catalyst, in promoting long-run growth. The Germans have maintained their manufacturing edge despite being a high-tax, high-regulation economy. Because the government really zakariaa about ensuring that it maintained funding for technical training, technical advancements and programs.
Fareed Zakaria: What Does A ‘Post-American World’ Look Like? : NPR
It made a concerted effort to retain high-end, complex manufacturing — the kind of BMW model, if you will. And they’ve done that so successfully that Germany, which has a quarter of America’s population, exports more than America does.
This is a book not about the decline of America but rather about the rise of everyone else. It is about the great transformation taking place around the world, a transformation that, though often discussed, remains poorly understood. Changes, even sea changes, take place gradually. Though we talk about a new era, the world seems to be one with which we are familiar. But in fact, it is very different.
There have been three tectonic power shifts over the last five hundred years, fundamental changes in the distribution of power that have reshaped international life — its politics, economics, and culture. The first was the rise of the Western world, a process that began in the fifteenth century and accelerated dramatically in the late eighteenth century.
It produced modernity as we know it: It also produced the prolonged political dominance of the nations of the West. The second shift, which took place in the closing years of the nineteenth century, was the rise of the United States.
Soon after it industrialized, the United States became the most powerful nation since imperial Rome, and the only one that was stronger than any likely combination of other nations.
For most of the last century, the United States has dominated global economics, politics, science, and culture. For the last twenty years, that dominance has been amsrican, a phenomenon unprecedented in modern history.
We are now living through the third great power shift of the modern era. It could be called zakaia rise of the rest. While they have had booms and busts, the overall trend has been unambiguously upward. Even the economic rupture of and could not halt or reverse this trend; in fact, the recession accelerated it.
While many of the world’s wealthy, industrialized economies continued to struggle with slow growth, high unemployment, and overwhelming indebtedness through and beyond, the countries that constitute “the rest” rebounded quickly.
India’s annual growth rate slowed to 5. China’s GDP growth never fell below 9 percent.
This economic success was once most visible in Asia but is no longer confined to it. That is why to call this shift “the rise of Asia” does not describe it accurately. In85 countries grew at a rate of 4 percent or more.
In andthat number was That includes more than 30 countries in Africa, two-thirds zakaris the continent.
Antoine van Agtmael, the fund manager who coined the term “emerging markets,” has identified the 25 companies most likely to be the world’s next great multinationals. The tallest building in the world is now in Dubai. The world’s richest man is Mexican, and its largest publicly traded corporation is Chinese.
The world’s biggest plane is built in Russia and Ukraine, its leading refinery is in India, and its largest factories are all amercan China. By many measures, Hong Kong now a,erican London and New York as the leading financial center, and the United Arab Emirates is home to the most richly endowed investment fund.
Once quintessentially American icons have been appropriated by foreigners. The world’s largest Ferris wheel is in Singapore. Its number one casino is not in Las Vegas farewd in Macao, which has also overtaken Vegas in annual gambling revenues. The biggest movie industry, in americcan of both movies made and tickets sold, is Bollywood, not Hollywood.
Even shopping, America’s greatest sporting activity, has gone global. Of the top ten malls in the world, only one is in the United Americaj the world’s biggest is in Dongguan, China.
Such lists are arbitrary, but it is striking that twenty years ago, America was at the top in many, if not most, of these categories. It might seem strange to focus on growing prosperity when there are still hundreds of millions of people living in desperate poverty. But in fact, the share of people living on a dollar a day or less plummeted from 40 percent in to 18 percent inand is estimated to fall to 12 percent by China’s growth alone has lifted more than million people out of poverty.
The Post-American World
Poverty is falling in countries housing 80 percent of the world’s population. The 50 countries where americaj earth’s poorest people live are basket cases that need urgent attention. In the other — which include China, India, Brazil, Russia, Indonesia, Turkey, Kenya, and South Africa — the poor are slowly being absorbed into productive and growing economies. For the first time ever, we are witnessing genuinely global growth. This is creating an international system in which countries in all parts of the world are no longer objects or observers but players in their own right.
It is the birth of a truly global order. The emerging international system is likely to be quite different from those wotld have preceded it. One hundred years ago, there was a multipolar order run by a collection of European governments, with constantly shifting alliances, rivalries, miscalculations, and wars. Then came the bipolar duopoly of the Cold War, more stable in many ways, but with the superpowers reacting and overreacting to each other’s every move.
Sincewe have lived under an American imperium, a unique, unipolar world in which the open global economy has expanded and accelerated dramatically. This expansion is now driving the next change in the nature of the international order. The rise of the rest is at heart an economic phenomenon, but it has consequences for nearly every other sphere of life. At the politico — military level, we remain in a single — superpower world. But in all other dimensions — industrial, financial, educational, social, cultural — the distribution of power is shifting, moving away from American dominance.
That does not mean we are entering an anti — American world. But we are moving into a post — American world, one defined and directed from many places and by many people.
As countries become stronger and richer, we’re likely to see more challenges and greater assertiveness from rising nations. In one month inIndia and Brazil were willing to frontally defy the United States at the Doha trade talks, Russia attacked and occupied parts of Georgia, and China hosted the most spectacular and ameerican Olympic Games dorld history.
Ten years ago, not one of the four would have been powerful or confident enough to act as it did. Even if their growth rates decline, which they surely will, these countries will not quietly relinquish their new roles in the global system.
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