Bound to Fail: The Rise and Fall of the Liberal International Order

The liberal international order that was established after the Cold War and led by the United States was destined to collapse because of its fundamental flaws. Liberal excesses provoked a powerful nationalist backlash, rendering the liberal order a failed enterprise with no future. In the emerging multipolar world, there will be a realist order to manage the world economy, and Chinese-led and U.S.-led bounded orders that will help the two great powers to prosecute their security competition.