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US hegemony challenged by the global economic shift to Asia

In CGTN's special program "Global Governance for a Shared Future," scholars interpret the Global Governance Initiative through their own personal stories. Gerhard Stahl, a former secretary-general of the European Committee of the Regions, says the US, the architect of the postwar international order, struggles to adapt to the global economic shift toward Asia amid globalization, which undercuts its hegemony and fuels the current global crisis.

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