A Political Economy Of American Hegemony
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| Author | : David E. Spiro |
| Publisher | : Cornell University Press |
| Total Pages | : 195 |
| Release | : 2019-06-30 |
| Genre | : Political Science |
| ISBN | : 1501711970 |
Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
| Author | : Thomas Oatley |
| Publisher | : Cambridge University Press |
| Total Pages | : 211 |
| Release | : 2015-02-23 |
| Genre | : Business & Economics |
| ISBN | : 1107090644 |
This book demonstrates that episodes of major financial instability develop when the United States engages in large deficit-financed military buildup.
| Author | : Morten Skumsrud Andersen |
| Publisher | : Cambridge University Press |
| Total Pages | : 253 |
| Release | : 2021-06-03 |
| Genre | : Political Science |
| ISBN | : 1108957404 |
Advancing a new approach to the study of international order, this book highlights the stakes disguised by traditional theoretical languages of power transitions and hegemonic wars. Rather than direct challenges to US military power, the most consequential undermining of hegemony is routine, bottom-up processes of international goods substitution: a slow hollowing out of the existing order through competition to seek or offer alternative sources for economic, military, or social goods. Studying how actors gain access to alternative suppliers of these public goods, this volume shows how states consequently move away from the liberal international order. Examining unfamiliar – but crucial – cases, it takes the reader on a journey from local Faroese politics, to Russian election observers in Central Asia, to South American drug lords. Broadening the debate about the role of public goods in international politics, this book offers a new perspective of one of the key issues of our time.
| Author | : Arturo Santa-Cruz |
| Publisher | : Routledge |
| Total Pages | : 184 |
| Release | : 2019-12-06 |
| Genre | : Political Science |
| ISBN | : 135121120X |
In this book, Arturo Santa-Cruz advances an understanding of power as a social relationship and applies it consistently to the economic realm in United States relations with other countries of the Western Hemisphere. Following the academic and popular debate on the ebb and flow of US hegemony, this work centers the analysis in a critical case for the exercise of US power through its economic statecraft: the Americas—its historical zone of influence. The rationale for the regional focus is methodological: if it can be shown that Washington's sway has decreased in the area since the early 1970s, when the discussion about this matter started, it can be safely assumed that the same has occurred in other latitudes. The analysis focuses on three regions: North America, Central America and South America. Since each region contains countries that have at times maintained very different relationships with the United States, the findings contribute to a better understanding of the practice of US power in the sub-region in question, adding greater variability to the overall results. US Hegemony and the Americas: Power and Economic Statecraft in International Relations is an invaluable resource for students and scholars interested in Latin American History and Politics, North American Regional Integration, International Relations, Economic Statecraft, Political Economy and Comparative Politics.
| Author | : Giles Scott-Smith |
| Publisher | : Routledge |
| Total Pages | : 312 |
| Release | : 2003-08-27 |
| Genre | : Political Science |
| ISBN | : 1134541694 |
This book analyses a key episode in the cultural Cold War - the formation of the Congress for Cultural Freedom. Whilst the Congress was established to defend cultural values and freedom of expression in the Cold War Struggle, its close association with the CIA later undermined its claims to intellectual independence or non-political autonomy. By examining the formation of the Congress and its early years of existence in relation to broader issues of US-European relations, Giles Scott-Smith reveals a more complex interpretation of the story. The Politics of Apolitical Culture provides an in-depth picture of the various links between the political, economic and cultural realms which led to the Congress.
| Author | : Simon Bromley |
| Publisher | : Penn State Press |
| Total Pages | : 336 |
| Release | : 1991 |
| Genre | : Technology & Engineering |
| ISBN | : 9780271007465 |
This volume provides a new theoretical framework for understanding both the development of the international oil industry and the role played by oil in the emergence of US postwar hegemony. As such, it directly addresses contemporary developments in international relations theory and the recent debates over the character and longevity of United States hegemony. While providing a narrative account of the oil industry from its origins in the nineteenth century through to the present, the main focus of American Hegemony and World Oil is an analytic treatment of the postwar period. Drawing widely on political economy, international relations and the recent literature on the state, the book offers a comprehensive study of the connections between United States hegemony and the international oil industry. The book begins with a critical discussion of theoretical approaches in political economy, international relations, and state theory which have informed discussions of the oil industry. Bromley goes on to survey the early emergence of the industry and its interwar consolidation, the ordering of the postwar industry under United States leadership, and the crisis of the 1970s. The book ends with an examination of the post-OPEC restructuring and the current strategies of the US, Japan, Europe, OPEC and the USSR. This book will be of interest to students of political economy, international relations, and political sociology.
| Author | : Robert O. Keohane |
| Publisher | : Princeton University Press |
| Total Pages | : 307 |
| Release | : 2005-02-28 |
| Genre | : Political Science |
| ISBN | : 140082026X |
This book is a comprehensive study of cooperation among the advanced capitalist countries. Can cooperation persist without the dominance of a single power, such as the United States after World War II? To answer this pressing question, Robert Keohane analyzes the institutions, or "international regimes," through which cooperation has taken place in the world political economy and describes the evolution of these regimes as American hegemony has eroded. Refuting the idea that the decline of hegemony makes cooperation impossible, he views international regimes not as weak substitutes for world government but as devices for facilitating decentralized cooperation among egoistic actors. In the preface the author addresses the issue of cooperation after the end of the Soviet empire and with the renewed dominance of the United States, in security matters, as well as recent scholarship on cooperation.
| Author | : Stephen Gill |
| Publisher | : CUP Archive |
| Total Pages | : 324 |
| Release | : 1991-11-07 |
| Genre | : History |
| ISBN | : 9780521424332 |
Dr Stephen Gill examines the extent and nature of Americas as a hegemonic state.
| Author | : L. Panitch |
| Publisher | : Springer |
| Total Pages | : 342 |
| Release | : 2008-07-24 |
| Genre | : Political Science |
| ISBN | : 0230227678 |
In a lively critique of how international and comparative political economy misjudge the relationship between global markets and states, this book demonstrates the central place of the American state in today's world of globalized finance. The contributors set aside traditional emphases on military intervention, looking instead to economics.
| Author | : Salvador Santino Regilme |
| Publisher | : Routledge |
| Total Pages | : 370 |
| Release | : 2017-10-18 |
| Genre | : Political Science |
| ISBN | : 1315529351 |
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.
