This volume takes an enlightened step back from the ongoing discussion of globalization. The authors reject the notion that globalization is an analytically useful term. Rather, globalization is seen merely as the framework of the current political debate on the future of world power. Among many other novel ideas advanced by the authors are: the explicit prediction that East Asia is not going to become the center of the world; the contention that the USSR collapsed for the same reasons that nearly brought down the United States in 1973; and the notion that the regional economic networks that are emerging from under the modern states are in fact rather old formations.

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