The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500-2000 by Paul M. Kennedy (Paperback, 1989)

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The final chapter looks at the current dilemna of the USA, the USSR, the EEC, Japan and China, and peers. Paul Kennedy also wrote "Strategy and Diplomacy, 1870-1945" and "The Realities Behind Diplomacy, 1865-1980".