ABSTRACT
Substantial agreement exists that the Bush administration has announced, and is undertaking, a major shift in the foreign policy of the United States (or US) aimed at the unilateral exercise of global power according to an extensive definition of ‘national interest’ and ‘national security’, inclusive of the establishment of the ‘world democratic order’ by means of armed force. This new strategy is considered to be inspired by the so-called ‘neoconservative’ doctrine, which stresses the right and power of the US to lead the politics of the free world, with no permanent commitments towards, and constraints by, multilateral organizations. What has an economist to say about this new foreign policy stance of the US?
