Stephen S. Cohen and J. Bradford Delong, both University of California, Berkeley, professors, have written a timely and intellectually intriguing book about the impending loss of U.S. influence around the world. The authors assert the increasing debt burden carried by the Nation will ultimately undermine U.S. soft and hard power around the world. They attribute the burden to excessive government spending and a willful trade imbalance in support of export-oriented economic development models. Such models are embraced by developing countries such as China.
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