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The international order has been much in change since the beginning of the 21st century with the domination of power of the United States and the rise of emerging nations pursuing the ambitions of gaining more prosperity or influence. However, the hegemonic power of the United States is on the way down and this gives space for many other actors to come onto the stage. These movements play the role as an impellent force for the United States to build up and implement the so-called Asia pivot, otherwise known as the rebalancing strategy in Asia Pacific. This paper will discuss the impetus of the pivot and what it has done for the United States. It will examine whether the hegemonic stability of the United States will lead to world order and stability and whether the strategy is welcomed by the majority of world players. The influence of the pivot on the security environment of the Asia Pacific region in general and in Vietnam in particular will also be considered in order to draw up a clear picture for Vietnam to plan foreign policy in the coming years.

Hegemonic Decline, Globalisation and the United States' Strategic Pivot to Asia: Implications for Vietnam