Rethinking American Grand Strategy Hegemony or Balance of Power in the Twenty-First Century?

In something of a belated reaction to the Cold War's end, a debate about America's future grand strategy is beginning to pick up steam.1 "Grand strategy" is an importantsounding term but the concept is simple: it is the process by which a state matches ends and means in the pursuit of security. In peacetime, grand strategy encompasses the following: defining the state's security interests; identifying the threats to those interests; and allocating military, diplomatic, and economic resources to defend the state's interests. Thus the debate about U.S. grand strat