TEHRAN – David Schultz, a distinguished professor of political science and legal studies from Hamline University, says that the U.S. lacks the same economic dominance it once had to advance its global ambitions.
“The U.S. does not have the same economic superiority it had at its height,” Schultz tells the Tehran Times.
“At one time its GDP was half of the entire global GBP. Now it is about 20% with China and the EU at about the same level.”
Some reports say that China will overtake the U.S. to become the world’s largest economy by 2028.
The U.S. economy, by contrast, has been hit hard by the world’s worst coronavirus epidemic in terms of sheer numbers.
“It lacks the same economic dominance it once had to support its global ambitions. On top of that, the political divisions in the U.S. make it hard to exercise global dominance especially after Afghanistan and a U.S. retreat from foreign…
