IN the 16th century, Spain became the first global empire. By the 19th century, Britain became a global hegemon. After World War 2, the United States took over as the new global hegemon. Now, America's power is fading, and some Americans fear that China will be the next hegemon. In fact, we are moving to a post-hegemonic world.
To see why, let us understand the drivers of geopolitical change.
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