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Why U.S. decline does not mean the end of globalization

Idea that the world as we know it is unraveling is flawed

| East Asia
A container ship leaves Pusan Newport Terminal on July 1: South Korean exports to Japan are nearly three times larger than those to Germany.   © Reuters

William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.

The rapid shift of the global economy toward Asia, especially China, and uncertainty over the U.S.'s longer-term international role after the Afghanistan debacle, have resulted in much angst across the West about the perceived decline of globalization.

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