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WAR OR PEACE: THE STRUGGLE FOR WORLD POWER

WAR OR PEACE: THE STRUGGLE FOR WORLD POWER

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Today’s international climate is one of disorder. A League of Dictators (China, Russia, Iran) is threatening the superpower status of the United States of America and the liberal international order it has underwritten. A piecemeal Third World War seems to have begun.Eminent economist Deepak Lal argues that the global financial crisis was the proximate cause for a revanchist China and Russia believing that the liberal economic order promoted by the US was on its deathbed and their illiberal systems were the future. But Lal argues that reports of the economic woes of the US are greatly exaggerated as are those of China’s prospects and Russia’s power.

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