The end of hegemony?

Abstract
This study challenges the notion that the United States is a declining hegemon, or that the Western regime is in peril. Comparisons of economic output, trade, and power statistics indicate that the United States continues to hold a more favorable position than previous hegemons did at comparable periods in the trajectory of their rule in relation to both its allies and opponents. Most important, indicators of power (unlike economic indicators) suggest the power distribution in the world order has varied little since World War II and continues to insure American dominance. The preception of a withering American hegemony is a trendy but inaccurate assessment of our time.

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