Cold War, Globalisation and the Rise of US Hegemony:

1
Cold War, Globalisation and the Rise of US
Hegemony

• 1989 and after ...
• Dr Andrew Roadnight
• 12 March 2014

2
Reagan and the Evil Empire

• TRICKLE-DOWN ECONOMICS
• STRATEGIC DEFENSE INITIATIVE
• (STAR WARS)
• AFGHANISTAN
• DERGULATION OF FINANCE

3
Gorbachev, Reform Defeat

• GLASNOST (OPENNESS)
• PERESTROIKA (RESTRUCTURING)
• BREZHNEV DOCTRINE
• 9 NOVEMBER 1989
• 25 DECEMBER 1991

4
The New World Order

• FRANCIS FUKUYAMA THE END OF HISTORY
• THE POISONOUS SNAKES OR THE DRAGON?
• THE VISION THING
• CAPITALISM TRIUMPHS

5
George W Bush US Hegemon

• KYOTO PROTOCOLS
• ANTI-BALLISTIC MISSILE TREATY
• 9/11 AND AL QAEDA
• US UNILATERALISM
• MANIFEST DESTINY IN IRAQ

6
The War on Terror

• MILITARY BUDGET
• - 385BN (2001)
• - 698BN (2011)
• AFGHANISTAN, PAKISTAN, IRAQ, IRAN, AFRICA
• DRONES WAR BY REMOTE CONTROL

7
The Peoples Republic of China

• THE AMERICA OF ASIA A FRUSTRATED AIM
• STATE CAPITALISM
• HUMAN RIGHTS OR TRADE?
• 400M OUT OF POVERTY

8
Globalisation A Definition

• an interchange of world views, products,
  ideas and other aspects of culture. it describes
  the interplay of macro-social forces.
• --------------------------------------------------
  ------------------
• Trade transactions, capital investment,
  migration, dissemination of knowledge (IMF,
  2000)

9
Globalisation and the US Economy

• EXECUTIVE SALARIES
• - 25 X AVERAGE WAGE (1966)
• - 300 X AVERAGE WAGE (2012)
• 1981 AIR TRAFFIC CONTROLLERS STRIKE
• 1980 2005 US MEDIAN HOUSEHOLD INCOME 3

10
Globalisation and the US Economy

• MANUFACTURING EMPLOYMENT
• - 1977 19.5M (22 NFP)
• - 2012 12.0M (9 NFP)
• RICHEST 1
• - OWN 8 NATIONAL WEALTH (1980)
• - OWN 34.6 NATIONAL WEALTH (2007)
• RICHEST 20
• - OWN 85 NATIONAL WEALTH (2007)
• - OWN 87.7 NATIONAL WEALTH (POST-CRASH)

11
Globalisation Not a Panacea

• 1997-98 ASIAN FINANCIAL CRISIS
• 2000-01 DOTCOM COLLAPSE
• 2007 WESTERN FINANCIAL CRISIS

12
Globalisation A Shift of Power

• BRICS
• - BRAZIL - RUSSIA
  - INDIA
• - CHINA - SOUTH AFRICA
• 2007 WESTERN FINANCIAL CRISIS

13
Globalisation New Challenges

• CLIMATE CHANGE
• POPULATION EXPLOSION
• - 2013 6.2BN PEOPLE
• - 2050 9.5BN PEOPLE (UKG)
• DEVELOPED WORLD vs DEVELOPING WORLD

14
Globalisation in 2014?