LIFE AFTER THE COLD WAR
The United States has found it exceedingly difficult to define its "national interest" in the absence of Soviet power. That we do not know how to think about what follows the U.S.-Soviet confrontation is clear from the continued references to the "post-Cold War period." Yet such periods of transition are important, because they offer strategic opportunities. During these fluid times, one can affect the shape of the world to come.
The enormity of the moment is obvious. The Soviet Union was more than just a traditional global competitor; it strove to lead a universal socialist alternative to markets and democracy. The Soviet Union quarantined itself and many often-unwitting captives and clients from the rigors of international capitalism. In the end, it sowed the seeds of its own destruction, becoming in isolation an economic and technological dinosaur.
But this is only part of the story. The Soviet Union's collapse coincided with another great revolution. Dramatic changes in information technology and the growth of "knowledge-based" industries altered the very basis of economic dynamism, accelerating already noticeable trends in economic interaction that often circumvented and ignored state boundaries. As competition for capital investment has intensified, states have faced difficult choices about their internal economic, political, and social structures. As the prototype of this "new economy," the United States has seen its economic influence grow—and with it, its diplomatic influence. America has emerged as both the principal benefactor of these simultaneous revolutions and their beneficiary.
The process of outlining a new foreign policy must begin by recognizing that the United States is in a remarkable position. Powerful secular trends are moving the world toward economic openness and—more unevenly—democracy and individual liberty. Some states have one foot on the train and the other off. Some states still hope to find a way to decouple democracy and economic progress. Some hold on to old hatreds as diversions from the modernizing task at hand. But the United States