In his latest work, Is the American Century Over?, renowned Harvard political scientist Joseph Nye, Jr., sets out not only to dispel the myth of American decline but to argue that the United States will remain the dominant player in the world order—albeit a changing one—for decades to come. Decline, writes Nye, stems from two factors: “a decrease in relative external power, and domestic deterioration or decay.” In the first instance, Nye sees a dearth of compelling challengers (or realistic coalitions of challengers) to American preeminence: Europe is marred by disunity, and its economic ties, shared values, and cultural affinities with America virtually preclude a challenge to U.S. power. Japan has little chance of matching the United States on economic terms, and little interest (or appetite) in allying with China to balance against U.S. power in Asia. Russia is itself in decline, and while it does have substantial resources, it cannot on its own constitute a formidable counterweight to American interests.
Nye devotes an entire chapter to China's rise, which he terms a “recovery,” reminding readers that China boasted the world's largest economy prior to the Industrial Revolution. While granting China's impressive present-day growth, Nye demonstrates that its economy still pales in comparison to America's in “composition and sophistication.” Two examples: trade is abundant, but China severely lags in the services sector; and Chinese technological achievements are significant, but are based on “a strategy of copying foreign technologies more than domestic innovation.”
Chinese military capabilities are rapidly growing, too. But as Nye points out, Beijing is still decades behind the United States in terms of materiel, and China has just a few thousand troops (primarily peacekeepers) stationed away from its shores, a dramatic gap in power-projection capabilities compared to the quarter-million American personnel deployed around the globe. Nye also looks at Chinese efforts to accumulate soft power through aid programs, the Olympics, and the establishment of Confucius Institutes in other countries, including the United States. Finally, Nye notes that China's rise is hardly happening in a vacuum: India and Japan, among others, are positioning themselves to contest Chinese power in Asia.
Is American decline coming from within? Again, Nye is skeptical. In a chapter titled “Absolute Decline: Is America Like Rome?,” he looks to history to put contemporary social and cultural cleavages in perspective. “Past culture battles over slavery, prohibition, McCarthyism, and civil rights were more serious than any of today's issues,” Nye reminds readers. On the economy, the picture is mixed. The Great Recession continues to stymie growth, but American advantages in information technology, the benefits of the shale revolution, and towering investment in research and development all point to continued dynamism. Meanwhile, the U.S. military remains unrivaled. Still, as power gradually shifts from West to East and diffuses from states to nonstate actors, the country will have to work diligently to mold new institutions and networks to confront transnational issues such as climate change, and to enhance the credibility of its existing alliances.