Seven long-term trends underscore both the hope and the threat that globalisation has brought to our world.
From the collapse of Communism until mid-2008 when the financial crisis came to a head, it seemed that the U.S., to quote the words of Harvard University’s Joseph Nye, was “bound to lead”. In this unipolar period, the United States appeared to have become, as noted by French Foreign Minister Hubert Vedrine, not so much a superpower but a “hyperpower”, driving towards a One World of shared prosperity, democracy and better living conditions for all.
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