“Michael Moran understands what few Americans do: that we have reached a tipping point in global history that will fundamentally change the planet . . . America will find it very difficult to adjust to its new place as a peer, rather than a dominant nation.” —From the Foreword by Nouriel Roubini, Chairman and Founder, Roubini Global Economics
The age of American global dominance is ending. In recent years, risky economic and foreign policies have steadily eroded the power structure in place since the Cold War. And now, staggering under a huge burden of debt, the country must make some tough choices—or watch its creditors walk away. In The Price of Decline, Michael Moran, a leading geostrategy analyst at Roubini Global Economics, the Council on Foreign Relations, and other leading institutions, explores how a variety of forces are converging to challenge U.S. leadership— including unprecedented information technologies, the growing prosperity of countries like China, India, Brazil, and Turkey, and the diminished importance of Wall Street in the face of global markets. This shift will have serious consequences for the wider world as well. Countries that have traditionally depended on the United States for protection will have to adjust their policies to reality. Each nation will be responsible for its own human rights record, energy production, and environmental policy,
Michael Moran
is executive editor and head of digital strategy at Group SJR in New York and provides geostrategic analysis for Roubini Global Economics, working directly with renowned economist Nouriel Roubini and a 40-strong team of economists and analysts who forecast global trends in economics and politics for a diverse range of clients. Over the past 25 years, he has reported and analyzed major events for some of the world’s leading intellectual and newsgathering institutions, including the Council on Foreign Relations, the BBC, MSNBC. com and Radio Free Europe/Radio Liberty. He lives in Hoboken, NJ.
and revolutions will succeed or fail unaided. Moran describes how, with a bit of political leadership, America can transition to this new world order gracefully—by managing entitlements, reigniting sustainable growth, reforming immigration policy, and breaking the poisonous deadlock in Washington. If not, he warns, the new era will arrive on its own terms and provide a nasty shock to those clinging to the 20th century.
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