At the end of World War II, America had all the money—and all the power. Now, after the Great Recession of 2008, America is cash poor. In The End of Influence: What Happens When Other Countries Have the Money, world-renowned economists Stephen Cohen and Brad DeLong argue that this loss will have grave consequences for America’s standing in the world, even as it opens up new opportunities for a new multilateralism. Our new era will be marked by a loss of American power to dictate foreign policy, a loss of American soft cultural power, and a loss of entrepreneurial innovation worldwide. The End of Influence exposes these alarming trends—and tells us what we can do to maintain stability in the world.
Please join the Center for American Progress for a discussion with co-authors Stephen Cohen and Brad DeLong about the topics in this new book.
Copies of The End of Influence: What Happens When Other Countries Have the Money will be available for purchase.
Stephen S. Cohen, Senior Fellow, Center for American Progress; Professor, University of California, Berkeley; author, The End of Influence
J. Bradford DeLong, Professor, University of California, Berkeley; co-author, The End of Influence
Nina Hachigian, Senior Fellow, Center for American Progress; co-author, The Next American Century: How the U.S. Can Thrive as Other Powers Rise
Bruce Stokes, International Economics Columnist, National Journal; Fellow, German Marshall Fund