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This paper presents the text of an address by Dr. Harold Brown, Chairman of the School of Advanced International Studies, Johns Hopkins Foreign Policy Institute, and former Secretary of Defense (1976-1980), at the sixth commencement exercises of the RAND Graduate School, on November 12, 1988. The author suggests that U.S.-Soviet relations during the rest of the century will be dominated by two factors: (1) the Soviets' choice between accepting radical political and economic change or losing superpower status, and (2) the relative decline of U.S. dominance in the world economic/political structure. He concludes that, although the United States has less margin for error and less room to maneuver, it still needs to pursue steps of its own to achieve a successful realignment of U.S.-Soviet relations.

This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

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