What is more interesting is that while the U.S. has lost some of its glory, other nations have attracted the attention of the rest of the world because of their flourishing economies and political systems. (Schmidt) However, the U.S. is not going to drop that easily, as it has been, and still is, the center of the world's economy. Most of the credit that is owed to the U.S. is because of the fact that it has assisted several other economies into working effectively. During recent years, the U.S. economical system has been going through difficulties, some even considering it is going through a recession. That is partially due to the disapproval of some countries that do not approve of the U.S. having gone to war several times, despite the fact that the war that it was getting involved in did not concern them directly. One of the most likely to replace the U.S. As global leaders is the European Union, which has experienced a stable economic growth during the last few years. (Schmidt) in spite of the...

The E.U. is still in the process of expanding its boundaries and it is likely that it would challenge the U.S. For the world economic leadership role if both of them continue to evolve as they do in the present.
Works Cited

Browning, M. (2002). Antonio Gramsci and Hegemony in the United States. The REVIEW of COMMUNICATION. National Communication Association.

Chandler, D. (2000). Marxist Media Theory. Retrieved October 24, 2008 from Prifysgol Aberystwyth Unviersity Web Site: http://www.aber.ac.uk/media/Documents/marxism/marxism10.html

Leland, D. (1997). Aboriginal Slavery on the Northwest Coast of North America. Published by University of California Press.

Schmidt, I. (2003, February). Europe: On the Rise to Hegemony or Caught in Crisis?. 53. Retrieved October 24, 2008 from Questia Database.