‘Economic preponderance of the US is inseparable for the structural power’. Describe.

Economic preponderance of the United States is inseparable from its structural power. This can be rationalized by the following:

(i) The Bretton Woods Institution set up by the United States following the Second World War still constitutes the basic structure of world economy. Thus, we may conclude that the World Bank, WTO as well as International Monetary Fund represented the products of United States hegemony.

(ii) A classic example of such power of the United States is the academic degree known as the Masters in Business Administration or MBA. The idea relating to teaching skills for business is distinctly American.