Economist Jeffrey Sachs said U.S. world domination is over as Asia becomes the new center of global economic and political power [1].
This shift suggests a fundamental realignment of international relations, where traditional Western leadership is replaced by a multipolar system led by Eastern powers.
Speaking at the Singapore Economic Review Conference in Singapore, Sachs said that Asia now dominates the global economy [1]. He said that the region is poised to assume a larger role in world politics as the global center of gravity shifts [1].
Sachs cited several factors driving this transition, including Asia's demographic and economic trends, and the rising influence of China [1]. He also said the expansion of the BRICS bloc is evidence that the West is losing its grip on global governance [2].
The economist linked these shifts to current U.S. policy. He said that President Trump's refusal to attend a summit serves as evidence of a shifting landscape [1]. Sachs described the current state of U.S. foreign policy as "American neurosis" [2].
According to Sachs, the combination of internal U.S. choices and the growth of Asian markets has created a reality where the U.S. can no longer dictate global terms [1]. He said that the era of unilateral American influence has been superseded by the collective economic weight of the BRICS nations and Asian economies [2].
“"American neurosis"”
The assertions by Jeffrey Sachs reflect a broader debate regarding the transition from a unipolar world to a multipolar one. By highlighting the growth of the BRICS bloc and the economic ascent of Asia, Sachs is arguing that the structural foundations of global power—demographics and GDP—have moved East, rendering previous U.S.-led geopolitical frameworks obsolete.
