ABSTRACT
Taking issue with Waltz's contention that interdependence is in decline, Rosecrance and Stein suggest that the world is more complex than Waltz recognizes. After developing a working definition of interdependence, they measure its development in four areas: trade, investment, finance, and politics. Although Rosecrance and Stein note substantial increases in transnational interaction, they also find that nationalism is on the increase and that it not only contributes to transnationalism but also poses a significant challenge. They conclude that "the earth today is poised between a world of nationalism and a world of transnationalism."
