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China Expands. Europe Rises. And the United States ….

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    • Abstract:
      Analyzes why the United States is losing its economic power. Failure of translating its military power into an economic influence; European Union's increase of import tariffs on American products; Decision of Chinese president Hu Jintao to invest in Latin America; Decline in the value of the dollar against the euro; Economic cost of the Iraq war; Questions on whether the U.S. can remain indispensable in world politics.