Transformation of positions of the United States from the perspective of confrontation between the world vanguard and world periphery of global economy
Subject Under the formation of a multipolar system and transformation of foreign economic relations of the world vanguard and world periphery of global economy, the question arises about the role and position of the U.S. economy in geo-economical and geopolitical spheres. Economic and political strengthening of China in the 21st century presents new challenges and threats for the U.S. government. Objectives The study aims to define positions of the U.S. economy in the context of creating the new geo-economic architecture, and indicate the role and significance of certain countries and integration groups, like the EU, ASEAN etc. on the global stage. Methods To describe the state of the U.S. economy at the stage of international relations transformation, the paper employs historical, logical, statistical and comparative analysis, and the method of scientific abstraction. Results The paper provides an analysis of reasons for the reducing domination of the United States in political, military and economic spheres in the early 21st century. Nowadays, the global balance of power is noticeably changing. Presumably, this is a structural shift to the East Asia region. Conclusions Under aggravated geopolitical and geo-economic relationships of Russia with the EU and the USA, Russia has to reinforce its interaction with East Asian countries. However, irrespective of tense relations with EU countries, it is desirable to restore them, since the mutual sanctions are detrimental to both the Russian and West European economy.
Keywords: economy, USA, sanctions, world economy, ASEAN countries
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