In his classic 1986 work, The Rise of the Trading State, Rosecrance argued that trade and interdependence were replacing territory and conquest as sources of wealth and power. Nearly 30 years later, with the rise of China worrying the West, Rosecrance again urges the United States to pursue a grand strategy of trade and economic integration, this time focused on the creation of a massive economic union with Europe. It is no longer enough to be a trading state, Rosecrance asserts. What the old Western industrial powers need now is an open market of sufficient scale and scope to increase their efficiency and stability. A giant customs union would generate additional growth and would allow the West to approach China and other Asian countries from a position of strength. The book lacks a systematic explanation of precisely how high-growth Asian economies threaten the United States and Europe. But its main insight is still compelling: the “new West” needs to be big, unified, and growing.
In This Review
In This Review
Most Read Articles
Why the Strait of Hormuz Is Still the World’s Most Important Chokepoint
And Why the United States Should Guarantee Its Security
How America Lost Faith in Expertise
And Why That's a Giant Problem
Trump’s Incendiary Rhetoric Is Only Accelerating Immigration
The Crisis at the Border Is of Washington’s Own Making
When Stalin Faced Hitler
Who Fooled Whom?
How Iran Sees Its Standoff With the United States
And What Trump Should Do to Solve the Problem He Created