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Examples Of Globalization And Declining US Hegemony

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Globalization and declining U.S. hegemony

The United States of America, in my estimation, has been the largest catalyst to the spread of globalization. The U.S. was the most influential player at the Bretton Woods Conference in 1944, chiefly proposing the strategies that formed the World Bank and the International Monetary Fund, in effort to rebuild war torn countries and prevent economic collapse. (Glob101imfandwb, n.d., p 2.) The United States was also fundamentally involved in the formation of the United Nations (UN) in 1945. The UN charter included the framework for global, national, and individual human rights. (Glob101humanrights, n.d., p. 4) Then First Lady, Eleanor Roosevelt, even championed the committee that created the Universal Declaration of Human Rights, in 1948. (Glob101humanrights, n.d., p. 5) …show more content…

The example set by the U.S. has unquestionably led to similar advances in other countries. Americans have pioneered advances in industry, medicine, and healthcare, that have contributed to the greater good of the global community. In terms of size, the U.S. only accounts for about 4% of the world's population. However, with almost 300 million consumers, the U.S. represents nearly 25% of the global economy. (Glob101cultureandglob, n.d., p. 4) For better or for worse, the United States has been the driving force behind the spread of globalization for in excess of seventy

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