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> Globalization will live on, but only for countries who align themselves with the west. That's just a return to status quo, isn't it? A patchwork of defense a

> Globalization will live on, but only for countries who align themselves with the west. That's just a return to status quo, isn't it? A patchwork of defense alliances and trade agreements? It's more interesting to me, to point out the relative decline in the relative power and influence of the West. Whereas U.S. was 25-30% of global GDP post WWII, we are down to 15% and declining. The so-called "global south" nations, interestingly a lot of these nations are rising in relative economic power and influence and yet many of them straddle the line between aligning with East or West (see India's oil / energy agreements with Russia, or south America's reluctance to join along with Russian sanctions). In this sense, it's more apt to point out that globalization will live on, but only for countries that neither strongly align themselves with the west nor the east.

ROTMetro 4y ago
Post WWII almost everywhere but the USA had all their production bombed and destroyed. What a strange statement you make. 'When most production in the world was destroyed, the USA, one of the few countries not bombed, accounted for most of the worlds production. Once other countries rebuilt, the USA's percentage went down'. Again, what a silly statement to make.
- chrisco255 4y ago
  No, it's a factual statement, not a silly one. And for the record, the U.S. was bombed, just not on the mainland continent. The percentage was even higher than 30% in the wake of WWII (40+%), but it remained elevated until the year 2000 (32%). https://www.forbes.com/sites/mikepatton/2016/02/29/u-s-role-in-global-economy-declines-nearly-50/?sh=6a8c39545e9e https://www.forbes.com/sites/mikepatton/2016/02/29/u-s-role-... The world quickly rebuilt after WWII, but it did so along two axes: the U.S. aligned western European countries, British commonwealth nations, plus Japan; and the U.S.S.R. east of the iron curtain, which included more communist aligned nations including China. The difference in economic productivity between the rival systems was stark: Western-aligned economies performed far better. And it's the reason why the U.S. has had so much unilateral leverage over global trade and foreign relations since WWII, in addition to the Bretton Woods agreement, which made USD the global reserve. But as the article points out above, the global GDP % of U.S. dropped from the year 2000 at 32% to around 15% today, now 22 years later.

ROTMetro 4y ago

Post WWII almost everywhere but the USA had all their production bombed and destroyed. What a strange statement you make. 'When most production in the world was destroyed, the USA, one of the few countries not bombed, accounted for most of the worlds production. Once other countries rebuilt, the USA's percentage went down'. Again, what a silly statement to make.

chrisco255 4y ago
No, it's a factual statement, not a silly one. And for the record, the U.S. was bombed, just not on the mainland continent. The percentage was even higher than 30% in the wake of WWII (40+%), but it remained elevated until the year 2000 (32%). https://www.forbes.com/sites/mikepatton/2016/02/29/u-s-role-in-global-economy-declines-nearly-50/?sh=6a8c39545e9e https://www.forbes.com/sites/mikepatton/2016/02/29/u-s-role-... The world quickly rebuilt after WWII, but it did so along two axes: the U.S. aligned western European countries, British commonwealth nations, plus Japan; and the U.S.S.R. east of the iron curtain, which included more communist aligned nations including China. The difference in economic productivity between the rival systems was stark: Western-aligned economies performed far better. And it's the reason why the U.S. has had so much unilateral leverage over global trade and foreign relations since WWII, in addition to the Bretton Woods agreement, which made USD the global reserve. But as the article points out above, the global GDP % of U.S. dropped from the year 2000 at 32% to around 15% today, now 22 years later.