Abstract

DABAT, Alejandro  and  LEAL, Paulo. The Decline of the US: Global Historical Context. Prob. Des [online]. 2013, vol.44, n.174, pp.61-88. ISSN 0301-7036.

The current crisis in the United States and its major global consequences have culminated in a process of economic decline and reduced global hegemony for this nation, from the double perspective of its domestic regression and the loss of international power in light of the overwhelming advance of China and other much more dynamic and productive developing countries. This situation is evident on various levels of the economy, the technical-scientific and political-social development of the country and the most common social science indicators. Within this perspective, this article assigns great importance to the enormous difficulties this country must face in order to reverse these conditions of deterioration, given the structure of its financial and business system, the unfortunate state of its public finances and its domestic socio-institutional upheaval.

Keywords : Decline of the United States; New Financial System; Global Competitiveness; Productive and Social Regression and Economic; Social Prospects for the US.

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