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The United States is now the world hegemon. How long can this hegemonic position persist?
In World War I, the war swept through Europe, causing a great recession in Europe. At this time, the United States, far from the war, not only had enough time to develop itself, but also sent a large number of arms to the European battlefield to earn huge profits. In this trade-off, the strength of European countries was greatly reduced, while the United States rose and gradually replaced Britain's world hegemony, and its hegemony was further consolidated and strengthened during World War II.
The United States has strong scientific and technological strength and leads the world in light and heavy industries; From World War I to World War II, the United States has been making profits and has sufficient capital reserves, but it can respond to any emergencies at any time. Coupled with the world's leading military strength and many allies, the United States plays the role of the world police. Secondly, the United States has many allies, which will only be carried out far from home, and can also get strong support from allies.
The hegemon will eventually decline. At the peak of its power, Britain claimed that the sun never sets, and now it has also declined. Economically, the rise of emerging countries will definitely change the world pattern, and the world will develop towards multipolarization rather than hegemony. Trade rules are made by many powerful countries. For example, the BRICS Bank, but China, Indian and other emerging countries will naturally unite to form new financial institutions when the World Bank cannot have enough voice.
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