July 24, 2024

Even a big country like the United States can’t efficiently produce everything we need and want

The third and final installment in our economic series focuses on how U.S. post-World War II “leadership” in the international system and burgeoning global economy has shaped U.S. strategy ever since. C. Richard Neu and Joel Hillison discuss how the U.S. once served as the exemplar of prosperity that other nations desired to follow, such that it was tolerant of its economic struggles so long as it maintained its abilities to set the rules and establish order. This position is now being challenged by actors who follow different rules, which has led to a loss of American confidence in the global economy. How does uncertainty in the global economy affect the U.S. national security interests, and therefore the U.S. military?



C. Richard Neu is a Professor at the Pardee RAND Graduate School and a former senior economist at RAND. Joel Hillison is Professor of National Security Studies at the U.S. Army War College. The views expressed in this presentation are those of the authors and do not necessarily reflect those of the U.S. Army War College, U.S. Army, or Department of Defense.

Photo: Bin Li, CEO of Chinese electric vehicle start-up NIO Inc., celebrates after ringing a bell as NIO stock begins trading on the floor of the New York Stock Exchange (NYSE) during the company‚Äôs initial public offering (IPO) at the NYSE in New York, U.S., September 12, 2018.

Photo Credit: REUTERS/Brendan McDermid

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