Home The Decline of US Power and the Future of Conflict Management after Covid
Article
Licensed
Unlicensed Requires Authentication

The Decline of US Power and the Future of Conflict Management after Covid

  • Stergios Skaperdas EMAIL logo
Published/Copyright: August 4, 2020

Abstract

The US’s ability to project power in Eurasia has been declining for some time. With the pandemic accelerating that decline, reviving international institutions of conflict management becomes urgent. Enhancing the UN and other atrophied international organizations, and negotiating treaties on nuclear arms issues, cyber warfare, space warfare, and new weapons are measures that have become necessary for minimizing the chance of nuclear catastrophe as well as reducing the likelihood of other wars.

JEL Classification: F50; F53

Corresponding author: Stergios Skaperdas, Department of Economics and Center for Global Peace and Conflict Studies, University of California, Irvine, USA, E-mail:

Acknowledgments

I am grateful to Raul Caruso and Bill Wohlforth for helpful comments.

References

Angell, N. 1913. The Great Illusion, 2nd ed. New York: G. P. Putnam’s Sons.Search in Google Scholar

Beckley, M. 2018. Unrivalled: Why America Will Remain the World’s Sole Superpower. Ithaca: Cornell University Press.10.7591/9781501724794Search in Google Scholar

Brooks, S., and W. C. Wohlforth. 2016. “The Rise and Fall of Great Powers in the Twenty-first Century.” International Security, Winter 40 (3): 7–53.10.1162/ISEC_a_00225Search in Google Scholar

Ellsberg, D. 2017. The Doomsday Machine: Confessions of a Nuclear War Planner. USA: Bloomsbury Publishing.Search in Google Scholar

Garfinkel, M. R., S. Skaperdas, and C. Syropoulos. 2015. “Trade and Insecure Resources.” Journal of International Economics 95 (1): 98–14, https://doi.org/10.1016/j.jinteco.2014.10.001.Search in Google Scholar

Genicot, G., and S. Skaperdas. 2002. “Investing in Conflict Management.” Journal of Conflict Resolution 46 (1): 154–70, https://doi.org/10.1177/0022002702046001009.Search in Google Scholar

International Monetary Fund. 2020. World Economic Outlook Database. United States: International Monetary Fund (Retrieved May 26 2020).10.5089/9781513552941.002Search in Google Scholar

Mearsheimer, J. 2001. The Tragedy of Great Power Politics. New York: W. W. Norton.Search in Google Scholar

Skaperdas, S., and C. Syropoulos. 2001. “Guns, Butter, and Openness: On the Relationship between Security and Trade.” American Economic Review Papers and Proceedings 91 (2): 353–57, https://doi.org/10.1257/aer.91.2.353.Search in Google Scholar

Stiglitz, J. E., and L. J. Bilmes. 2012. “Estimating the Costs of War: Methodological Issues, with Application to Iraq and Afghanistan.” In The Oxford Handbook of the Economics of Peace and Conflict, edited by M. R Garfinkel, and S. Skaperdas. New York: Oxford University Press.10.1093/oxfordhb/9780195392777.013.0013Search in Google Scholar

Tooze, A. 2018. Crashed: How a Decade of Financial Crises Changed the World. United States: Penguin.Search in Google Scholar

Wohlforth, W. C. 1999. “The Stability of a Unipolar World.” International Security 24 (1): 5–1, https://doi.org/10.1162/016228899560031.Search in Google Scholar

Wong, Y. H., J. M. Yurchak, R. W. Button, A. Frank, B. Laird, O. A. Osoba, R. Steeb, B. N. Harris, and S. J. Bae. 2020. Deterrence in the Age of Thinking Machines. Santa Monica, CA: RAND Corporation. Also available at https://www.rand.org/pubs/research_reports/RR2797.html.10.7249/RR2797Search in Google Scholar

Received: 2020-06-15
Accepted: 2020-06-05
Published Online: 2020-08-04

© 2020 Walter de Gruyter GmbH, Berlin/Boston

Downloaded on 11.9.2025 from https://www.degruyterbrill.com/document/doi/10.1515/peps-2020-0029/html
Scroll to top button