Word: japanization
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Dates: during 1990-1999
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Britannia rules an empire on which the sun never sets. And Western powers rule almost every other part of the world. Japan emulates Europe and the U.S. and joins Britain, Russia, France and Germany in contemplating the dismemberment of the decrepit Chinese Empire. Nationalism sows the seeds of two world wars...
...INDIA 32% BRAZIL 26% FRANCE 19% GERMANY 17% HONG KONG 12% JAPAN...
...Kennedy's The Rise and Fall of the Great Powers ushered in the conventional wisdom that America, suffering from "imperial overstretch," was in decline. With the collapse of the Soviet Empire, it was assumed that the world would go from cold war bipolarity to multipolarity. After all, was not Japan flourishing, Europe unifying, China rising...
Remember that late-'80s joke: The U.S. and Russia waged a cold war for half a century. Who won? Japan...
Well, it did not turn out quite that way. Japan went into economic decline. The U.S.S.R., then Russia, collapsed. Europe entered a decade of economic stagnation and diplomatic fecklessness (as displayed in the Balkans until the U.S. cavalry arrived). And China, though rising, remains decades away from being able to pose a global challenge...