“The Uncoupling of the World Order: A Survey of Global Crisis Theories,” in Mark Gottdiener and Nikos Kominos, ed. Capitalist Development and Crisis Theory: Accumulation, Regulation and Spatial Restructuring (London: Macmillan Press, 1989), pp. 99-122.
In every discussion of the current global crisis one single fact eclipses all others – the demise of undisputed US hegemony within the world hierarchy of nation states. Despite differing al political persuasions, there seems to be widespread agreement among social scientists that it is only in this context that the chief threats of our time – namely, the heightened conflict between centre and periphery, the international debt crisis, and the drift toward world war – can be properly understood and surmounted.