Article: Rethinking American grand strategy: hegemony or balance of power in the twenty-first century?

In something of a belated reaction to the Cold War's end, a debate about America's future grand strategy is beginning to pick up steam.(1) "Grand strategy" is an important-sounding term but the concept is simple: it is the process by which a state matches ends and means in the pursuit of security. In peacetime, grand strategy encompasses the following: defining the state's security interests; identifying the threats to those interests; and allocating military, diplomatic, and economic resources to defend the state's interests.

Thus the debate about U.S. grand strategy touches on the following questions: What regions of the world are important to U.S. security? Will ...

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