Hegemonic Stability Theory: The Rise and Fall of the US-Leadership in World Economic Relations
Hegemonic Stability Theory: The Rise and Fall of the US-Leadership in World Economic Relations

Author: Julia Schubert

Publisher: GRIN Verlag

Published: 2004-02-29

Total Pages: 27

ISBN-13: 3638257703

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Seminar paper from the year 2003 in the subject Politics - General and Theories of International Politics, grade: 1,3 (A), Martin Luther University (GPS), course: International Political Economy, language: English, abstract: In the second half of the 20. century the term of “Hegemonic Stability Theory “ was introduced by political scientists such as Stephen Krasner, Robert Gilpin and Robert Keohane to explain the mechanisms of the new economic world order that had been established after the Second World War.1 The main assumption of the theory that a stable liberal economic world order needs a hegemo n was explained with the examples of the British hegemony in the 18. and 19. century and with the example of American hegemony in the postwar years of the second half of the 20. century. This term paper intends to answer the following questions: What is Hegemonic Stability Theory about? How is the shape of the hegemonic system? Why will it decline? The theoretical assumptions will be extended by a closer look at the UShegemony. How was it possible that the US could establish their leadership in the international economic system? What did they do to create a stable global economic order? Of course, the last questions have to answer why the US weakened and why their hegemony eventually declined? How is the situation today? Is there still a hegemon? To answer these questions, the first part of the paper will summarize the main assumptions of the theory. Then, the international economic situation after the Second World War which enabled the US to become the world ́s hegemon will be shortly presented. The following chapters will deal with the establishment of the UShegemony by creating international regimes such as IMF, IBRD and GATT. Finally, the end of the paper will explain how the American hegemony declined and which role it plays in the present international economy. 1 Reinhard Rode. Weltregieren durch Internationale Wirtschaftsorganisationen. Halle, 2001: 24.

American Hegemony and the Rise of Emerging Powers
American Hegemony and the Rise of Emerging Powers

Author: Salvador Santino Regilme

Publisher: Routledge

Published: 2017-10-18

Total Pages: 370

ISBN-13: 1315529351

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Over the last decade, the United States' position as the world's most powerful state has appeared increasingly unstable. The US invasions of Afghanistan and Iraq, non-traditional security threats, global economic instability, the apparent spread of authoritarianism and illiberal politics, together with the rise of emerging powers from the Global South have led many to predict the end of Western dominance on the global stage. This book brings together scholars from international relations, economics, history, sociology and area studies to debate the future of US leadership in the international system. The book analyses the past, present and future of US hegemony in key regions in the Asia-Pacific, Latin America, Middle East, Europe and Africa – while also examining the dynamic interactions of US hegemony with other established, rising and re-emerging powers such as Russia, China, Japan, India, Turkey and South Africa. American Hegemony and the Rise of Emerging Powers explores how changes in the patterns of cooperation and conflict among states, regional actors and transnational non-state actors have affected the rise of emerging global powers and the suggested decline of US leadership. Scholars, students and policy practitioners who are interested in the future of the US-led international system, the rise of emerging powers from the Global South and related global policy challenges will find this multidisciplinary volume an invaluable guide to the shifting position of American hegemony.

America in the Modern World
America in the Modern World

Author: Stephen Burman

Publisher: Palgrave Macmillan

Published: 1991-11-15

Total Pages: 236

ISBN-13: 9780312019716

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The past few years have witnessed changes which will be of lasting significance in international affairs. The revolutions in Eastern Europe and the Soviet Union, for example, are fundamental not only for those societies but also in their implications for the rest of the world. They signal the passing of the international order that has governed the post war era. Since the United States was the principal architect of that order, its passing will have fundamental implications for America's role in the modern world. It has been suggested that this transformation will reduce the US to the status of an ordinary country, indeed that the signs of decline are already everywhere apparent. In this book, the author argues to the contrary that the emerging new world order offers great opportunities to the US to maintain its status as the leading power in the world.

America in the Modern World
America in the Modern World

Author: Palgrave Macmillan Ltd

Publisher: Springer

Published: 2016-04-30

Total Pages: 226

ISBN-13: 1349604682

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The past few years have witnessed changes which will be of lasting significance in international affairs. The revolutions in Eastern Europe and the Soviet Union, for example, are fundamental not only for those societies but also in their implications for the rest of the world. They signal the passing of the international order that has governed the post war era. Since the United States was the principal architect of that order, its passing will have fundamental implications for America's role in the modern world. It has been suggested that this transformation will reduce the US to the status of an ordinary country, indeed that the signs of decline are already everywhere apparent. In this book, the author argues to the contrary that the emerging new world order offers great opportunities to the US to maintain its status as the leading power in the world.

Birth of Hegemony
Birth of Hegemony

Author: Andrew C. Sobel

Publisher: University of Chicago Press

Published: 2012-09-03

Total Pages: 291

ISBN-13: 0226767612

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With American leadership facing increased competition from China and India, the question of how hegemons emerge—and are able to create conditions for lasting stability—is of utmost importance in international relations. The generally accepted wisdom is that liberal superpowers, with economies based on capitalist principles, are best able to develop systems conducive to the health of the global economy. In Birth of Hegemony, Andrew C. Sobel draws attention to the critical role played by finance in the emergence of these liberal hegemons. He argues that a hegemon must have both the capacity and the willingness to bear a disproportionate share of the cost of providing key collective goods that are the basis of international cooperation and exchange. Through this, the hegemon helps maintain stability and limits the risk to productive international interactions. However, prudent planning can account for only part of a hegemon’s ability to provide public goods, while some of the necessary conditions must be developed simply through the processes of economic growth and political development. Sobel supports these claims by examining the economic trajectories that led to the successive leadership of the Netherlands, Britain, and the United States. Stability in international affairs has long been a topic of great interest to our understanding of global politics, and Sobel’s nuanced and theoretically sophisticated account sets the stage for a consideration of recent developments affecting the United States.

Exit from Hegemony
Exit from Hegemony

Author: Alexander Cooley

Publisher: Oxford University Press

Published: 2020-02-28

Total Pages: 305

ISBN-13: 0190916494

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We live in a period of great uncertainty about the fate of America's global leadership. Many believe that Donald Trump's presidency marks the end of liberal international order-the very system of global institutions, rules, and values that shaped the American international system since the end of World War II. Trump's repeated rejection of liberal order, criticisms of long-term allies of the US, and affinity for authoritarian leaders certainly undermines the American international system, but the truth is that liberal international order has been quietly eroding for at least 15 years. In Exit from Hegemony, Alexander Cooley and Daniel Nexon develop a new, integrated approach to understanding the rise and decline of hegemonic orders. Their approach identifies three distinct ways in which the liberal international order is undergoing fundamental transformation. First, Russia and China have targeted the order, positioning themselves as revisionist powers by establishing alternative regional institutions and pushing counter-norms. Second, weaker states are hollowing out the order by seeking patronage and security partnership from nations outside of the order, such as Saudi Arabia and China. Even though they do not always seek to disrupt American hegemony, these new patron-client relationships lack the same liberal political and economic conditions as those involving the United States and its democratic allies. Third, a new series of transnational networks emphasizing illiberalism, nationalism, and right-wing values increasing challenges the anti-authoritarian, progressive transnational networks of the 1990s. These three pathways erode the primacy of the liberal international order from above, laterally, and from below. The Trump administration, with its "America First" doctrine, accelerates all three processes, critically lessening America's position as a world power.

Hegemony and World Order
Hegemony and World Order

Author: Piotr Dutkiewicz

Publisher: Routledge

Published: 2020-09-23

Total Pages: 236

ISBN-13: 1000191451

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Hegemony and World Order explores a key question for our tumultuous times of multiple global crises. Does hegemony – that is, legitimated rule by dominant power – have a role in ordering world politics of the twenty-first century? If so, what form does that hegemony take: does it lie with a leading state or with some other force? How does contemporary world hegemony operate: what tools does it use and what outcomes does it bring? This volume addresses these questions by assembling perspectives from various regions across the world, including Canada, Central Asia, China, Europe, India, Russia and the USA. The contributions in this book span diverse theoretical perspectives from realism to postcolonialism, as well as multiple issue areas such as finance, the Internet, migration and warfare. By exploring the role of non-state actors, transnational networks, and norms, this collection covers various standpoints and moves beyond traditional concepts of state-based hierarches centred on material power. The result is a wealth of novel insights on today's changing dynamics of world politics. Hegemony and World Order is critical reading for policymakers and advanced students of International Relations, Global Governance, Development, and International Political Economy.

American Hegemony
American Hegemony

Author: Lea Brilmayer

Publisher: Yale University Press

Published: 1996-09-01

Total Pages: 280

ISBN-13: 9780300068535

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This work debates questions such as the moral right of one nation to act as the world's policeman and dominate others. It discusses moral issues raised by America's status as the sole world superpower after the end of the Cold War.

Crises and Hegemonic Transitions
Crises and Hegemonic Transitions

Author: Lorenzo Fusaro

Publisher: BRILL

Published: 2018-11-26

Total Pages: 329

ISBN-13: 9004384782

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In Crises and Hegemonic Transitions Fusaro reconsiders the concept of hegemony at the international level by returning to the critical edition of Gramsci’s Quaderni thereby offering a novel way to interpret past and present developments within the world economy.

Regionalism in Latin America
Regionalism in Latin America

Author: JOSÉ BRICEÑO-RUIZ

Publisher: Routledge

Published: 2020-11-18

Total Pages: 181

ISBN-13: 1000220591

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This interdisciplinary edited volume explores the political economy of regionalism in Latin America. It identifies convergent forces which have existed in the region since its very conception and analyses these dynamics in their different historical, geographic and structural contexts. Particular attention is paid to key countries such as Argentina, Brazil and Mexico, as well as subregions like the Southern Cone and Central America. To understand the resilience of regionalism in Latin America, this book proposes to highlight four main issues. Firstly, that resilience is linked to mechanisms of self-enforcement that are part of the accumulation of experiences, institution building and common cultural features described in this book as regionalist acquis. Secondly, the elements and driving forces behind the promotion and expression of the regionalist acquis are influenced and shaped by nested systems in which social processes are inserted. Thirdly, when looking at systems, there is a particular influence by national and global ones, which condition the form and endurance of regional projects. Finally, beyond systems, the book highlights the relevance of agents as crucial players in the shaping of the resilience of regionalism in Latin America. This insightful collection will appeal to advanced students and researchers in international economics, international relations, international political economy, economic history and Latin American studies.