Throughout modern times liberal states have always co-existed alongside many kinds of tyranny. Similarly, the modern world has always contained numerous economic systems - many varieties of capitalism, planned and guided economies, and a host of hybrid economic systems not easily classified.
Diplomacy and international law developed to cope with the fact of diverse regimes. Yet throughout the 20 th century global politics was shaped by the project of unifying the world within a single regime. Insofar as it remained committed to Marxist ideology, the long-term goal of the Soviet regime was world communism. The whole world was to be a single socialist economy, administered by forms of governance that were to be everywhere the same.
This Marxist project is now widely and rightly viewed as utopian. Even so, its disappearance as a force in world politics has not been accompanied by an acceptance of a diversity of political systems. With communism's fall we were, in Francis Fukuyama's famous phrase, at the "end of history", a time when western governments could dedicate themselves to unifying the international system into a single regime based on free markets and democratic government. But this project is as utopian as Marxism once was, and promises to be considerably more short-lived than the Soviet Union.
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Since 1960, only a few countries in Latin America have narrowed the gap between their per capita income and that of the United States, while most of the region has lagged far behind. Making up for lost ground will require a coordinated effort, involving both technocratic tinkering and bold political leadership.
explain what it will take finally to achieve economic convergence with advanced economies.
Between now and the end of this decade, climate-related investments need to increase by orders of magnitude to keep the world on track toward achieving even more ambitious targets by mid-century. Fortunately, if done right, such investments could usher in an entirely new and better economy.
explains what it will take to mobilize capital for the net-zero transition worldwide.
Throughout modern times liberal states have always co-existed alongside many kinds of tyranny. Similarly, the modern world has always contained numerous economic systems - many varieties of capitalism, planned and guided economies, and a host of hybrid economic systems not easily classified.
Diplomacy and international law developed to cope with the fact of diverse regimes. Yet throughout the 20 th century global politics was shaped by the project of unifying the world within a single regime. Insofar as it remained committed to Marxist ideology, the long-term goal of the Soviet regime was world communism. The whole world was to be a single socialist economy, administered by forms of governance that were to be everywhere the same.
This Marxist project is now widely and rightly viewed as utopian. Even so, its disappearance as a force in world politics has not been accompanied by an acceptance of a diversity of political systems. With communism's fall we were, in Francis Fukuyama's famous phrase, at the "end of history", a time when western governments could dedicate themselves to unifying the international system into a single regime based on free markets and democratic government. But this project is as utopian as Marxism once was, and promises to be considerably more short-lived than the Soviet Union.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
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