EXECUTIVE SUMMARY
The trajectory of the rising powers is uncertain, but their current influence is a central fact of geopolitics. Already the financial crisis, the Copenhagen climate negotiations, and the Iran sanctions dust-up have illustrated the potential, the pitfalls, and, above all, the centrality of the relationship between American power and the influence of rising actors. The emerging powers cannot dictate the shape of the coming era, but they can block and complicate U.S. initiative. From its new position, the United States confronts not a rigid bloc of emerging powers, but complex and shifting coalitions of interest. The greatest risk lies, not in a single peer competitor, but in the erosion of cooperation on issues vital to U.S. interests and a stable order. U.S. power is indispensable for that purpose, but not sufficient. No longer the CEO of Free World Inc., the United States is now the largest minority shareholder in Global Order LLC.
Can the United States use its changed position to shape the emerging order? Bruce D. Jones explores the prospects for cooperation on global finance and transnational threats, the need for new investments in global economic and energy diplomacy, and the case for new crisis management tools to help de-escalate inevitable tensions with the emerging powers.
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