Cold War, Globalisation and the Rise of US Hegemony:

1989 and after ...

Dr Andrew Roadnight11 March 2015

Reagan and the “Evil Empire”

‘TRICKLE-DOWN’ ECONOMICS

STRATEGIC DEFENSE INITIATIVE (STAR WARS)

AFGHANISTAN

DERGULATION OF FINANCE

Gorbachev, Reform & Defeat GLASNOST (OPENNESS)

PERESTROIKA (RESTRUCTURING)

BREZHNEV DOCTRINE

9 NOVEMBER 1989

25 DECEMBER 1991

The New World Order FRANCIS FUKUYAMA: ‘THE END

OF HISTORY’

THE “POISONOUS SNAKES” OR THE DRAGON?

THE “VISION THING”

CAPITALISM TRIUMPHS

George W Bush: US Hegemon

KYOTO PROTOCOLS

ANTI-BALLISTIC MISSILE TREATY

9/11 AND AL QAEDA

US UNILATERALISM

MANIFEST DESTINY IN IRAQ

The War on Terror

MILITARY BUDGET - $385BN (2001) - $853BN (2011)

AFGHANISTAN, PAKISTAN, IRAQ, IRAN, AFRICA

The Peoples’ Republic of China THE AMERICA OF ASIA: A

FRUSTRATED AIM

STATE CAPITALISM

HUMAN RIGHTS OR TRADE?

400M OUT OF POVERTY

Globalisation: A Definition

TRADE & TRANSACTIONS CAPITAL & INVESTMENT MIGRATION DISSEMINATION OF

KNOWLEDGE (IMF, 2000)

Globalisation and the US Economy EXECUTIVE SALARIES - 25 X AVERAGE WAGE (1966) - 300+ X AVERAGE WAGE (2012)

1981 AIR TRAFFIC CONTROLLERS STRIKE

1980 – 2005: US MEDIAN HOUSEHOLD INCOME +3%

Globalisation and the US Economy MANUFACTURING EMPLOYMENT - 1977: 19.5M (22% NFP) - 2012: 12.0M (9% NFP)

RICHEST 1% - OWN 8% NATIONAL WEALTH (1980) - OWN 34.6% NATIONAL WEALTH (2007)

RICHEST 20% - OWN 85% NATIONAL WEALTH (2007) - OWN 87.7% NATIONAL WEALTH (POST-CRASH)

Globalisation In The Periphery

1997-98: ASIAN FINANCIAL CRISIS

2000-01: DOTCOM COLLAPSE

BRICS - BRAZIL - RUSSIA - INDIA

- CHINA - SOUTH AFRICA

Globalisation: New Challenges CLIMATE CHANGE

POPULATION EXPLOSION - 2013: 6.2BN PEOPLE - 2050: 9.5BN PEOPLE (UKG)

DEVELOPED WORLD vs DEVELOPING WORLD

Globalisation in 2015?