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The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500-2000 by Paul M. Kennedy (Hardcover, 1988)

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This is a survey of the rise and fall of the world's great powers over the past five centuries and extending into the 21st century, exploring the relationship between economic and military power, as it affects the rise and fall of empires, stating that, whether in the 16th, the 20th or the 21st century, nations project military power according to their economic resources. The author argues that the cost of that power is often more than even the strongest economies can afford in the long run - hence the rise and fall of nations. Through his analysis of past cycles, Kennedy aims to illuminate the present critical dilemma of the USA, the USSR, the countries of Western Europe and the emerging great powers of Asia.