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Niall Ferguson, “Power”

Niall Ferguson, “Power”. Power in the globalized world is no longer simply to be measured in military terms Military power depends largely on technology, and the technology gap can be quickly closed Military spending depends upon successful economic growth and political institutions.

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Niall Ferguson, “Power”

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  1. Niall Ferguson, “Power” • Power in the globalized world is no longer simply to be measured in military terms • Military power depends largely on technology, and the technology gap can be quickly closed • Military spending depends upon successful economic growth and political institutions

  2. What is the new form of power? • Economic growth is a necessary but not sufficient condition for power • Diplomacy can counter military power • MNC’s and international investors do not hold real power (nor do international financial institutions) • Consumerism and ‘soft power’ don’t really equate to much • The real dynamic under globalization? Traditional power is becoming more dispersed, a kind of global democratization of power • What, then, makes power effective? Credibility and legitimacy.

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