
Following the Allied victory in the Second World War, the United States emerged as a superpower, shaping the course of the Western world. Its vast industrial machine was instrumental in securing the military defeat of fascism. In the first part of this analysis, we examine how the US established its model – not only through military might, but also by creating a new global economic, financial, and institutional order. In a forthcoming second part, we will consider the risks now confronting America. Many economists and commentators argue that the United States has entered the early stages of a secular decline.












