American hegemony in the global economic system Essay

American hegemony in the global economic system - Essay Example By the start of 1970s, currents of change were detected in the global economic order, with nationalism and protectionism being replaced by neo-liberalism and free flow of capital. Even as American elites promoted this new economic order, the process was facilitated by respective participant elites from nations across the world. The irony lies in the fact that communist China was at the forefront of the global neo-liberal program, despite claiming its socialist credentials. If the ideological gates of the authoritarian and highly protectionist China could be broken open for free-market capitalism, then it was only a matter of time and strategy before other power bastions of the world are broken through. And this is precisely what had happened. With the collapse of the Soviet Union in the late 1980s and the shift in policy framework of several developing countries, the nature and complexion of geo-economics has taken a different form. Needless to say, Americas position as the sole supe rpower has been strengthened by this change. The unsavory aspects of this sweeping change include â€Å"the appearance of a nearly feral form of entrepreneurship in which black marketers, drug barons, arms merchants, rackets bosses, Mafiosi, and other profiteers are emerging as the economic and political leaders of the social transformations underway in their respective societies.† (Buchanan, 2000, p.1) Before embarking on answering the essay question, understanding what neo-liberal globalization truly entails.

Write a short answer(no more than 600 words) for each of the following Essay

Write a short answer(no more than 600 words) for each of the following three questions after reading The Making Of A Quagmire by David Halberstam - Essay Example On the same note, one can also not help but to notice that crisis unites. In fact, the unrelenting existence of the American soldiers in the pretext of offering reinforcement and support for the Southern Vietnamese who were being attacked by the North, inspired to Vietnam’s the need for sovereignty. Moreover, their brutality on the locals’ property and families further stirred the locals to join hands to drive the common foe away from their territory (p. 12). The fact that they also had a lot at stake compared to the Americans, this made them even more determined to win the struggle. One person in Halberstam’s the making of quagmire worth mentioning is one Madam Ngo Dinh Nhu, the wife of Ngo Dinh the South Vietnam leader. Due to her mannerisms and behavior, she earned the title â€Å"dragon lady†. Her ruthlessness and insensitivity is evident in the adoption of an imperious manner and insensitivity as well as uncaring attitude toward anyone or anything outside the ruling family clique. Indeed, majority of the Vietnamese considered her as the sex-dictatress. On a positive note, she can be regarded as a determined woman, who instead of watching her husband and his brother running the country, she is in the forefront of establishing her own female militia, the Women’s Solidarity Movement (p. 32). The book also brings to the reader’s realization that the women behind men in political power are often sources of power themselves. Madame Nhu also seems to portray the picture a hypocritical leader’s wife who uses her position to jeopar dize and intimidate the public. In fact, Halberstam (p. 32) indicates that presents that â€Å"there was a cabinet, whose ministers had responsibility but no power and who lived in mortal fear of Madame Nhu†. An insightful analysis shows that the only party that revealed the truth and was right about the nature of the Vietnam War was the press, Halberstam included. They presented all the fact about the war and even