As the world economy emerges from the financial crisis, critics are announcing an end of the American era. The United States is said to be in an inexorable decline, and the expectation for the 21st century is for China to eclipse America and for the contours of global governance to blur. The...

Author Kati Suominen takes stock of the US-led economic order under which the world has operated in the post World War II era. She accounts for the 21st century challenges to this balance of power, and offers a roadmap for Washington to advance global growth and stability in the decades to come....