World-systems theorists argue that hegemons that are in decline specialize in finance. But the US has both finance and high tech industries. Is this novel historically or did other hegemons also develop new technologies during their decline?
World-systems theorists argue that hegemons that are in decline specialize in finance. But the US has both finance and high tech industries. Is this novel historically or did other hegemons also develop new technologies during their decline?
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