Inequality and instability -- The material formation of regimes -- Regime and culture -- Neoliberal globalization and the crisis of the state -- Manifestations of the crisis -- The crisis comes home -- Epilogue

This paper identifies emerging trends in the world economy during the next decade. The first is that China will overtake the U.S. in terms of gross domestic product (GDP), ending more than a century of U.S. leadership as the world's largest economy. The second is that Developing Asia, excluding...