A Political Economy of American Hegemony

A Political Economy of American Hegemony
Author: Thomas Oatley
Publisher: Cambridge University Press
Total Pages: 211
Release: 2015-02-16
Genre: Political Science
ISBN: 1316241009

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In A Political Economy of American Hegemony, Thomas Oatley explores how America's military buildups have produced postwar economic booms that have culminated in monetary and financial crises. The 2008 subprime crisis - as well as the housing bubble that produced it - was the most recent manifestation of this buildup, boom, and bust cycle, developing as a consequence of the decision to deficit-finance the wars in Afghanistan and Iraq. Earlier instances of financial crises were generated by deficit-financed buildups in the 1980s and the late 1960s. The buildup, boom, and bust pattern results from the way political institutions and financial power shape America's response to military challenges: political institutions transform increased military spending into budget deficits, and financial power enables the United States to finance these deficits by borrowing cheaply from the rest of the world. Oatley examines how this cycle has had a powerful impact on American and global economic and financial performance.

American Hegemony and World Oil

American Hegemony and World Oil
Author: Simon Bromley
Publisher: Penn State Press
Total Pages: 336
Release: 1991
Genre: Technology & Engineering
ISBN: 9780271007465

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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.

After Hegemony

After Hegemony
Author: Robert O. Keohane
Publisher: Princeton University Press
Total Pages: 307
Release: 2005-02-28
Genre: Political Science
ISBN: 140082026X

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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.

Undermining American Hegemony

Undermining American Hegemony
Author: Morten Skumsrud Andersen
Publisher: Cambridge University Press
Total Pages: 253
Release: 2021-06-03
Genre: Political Science
ISBN: 1108957404

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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.

American Hegemony and the Trilateral Commission

American Hegemony and the Trilateral Commission
Author: Stephen Gill
Publisher: CUP Archive
Total Pages: 324
Release: 1991-11-07
Genre: History
ISBN: 9780521424332

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Dr Stephen Gill examines the extent and nature of Americas as a hegemonic state.

The Hidden Hand of American Hegemony

The Hidden Hand of American Hegemony
Author: David E. Spiro
Publisher: Cornell University Press
Total Pages: 195
Release: 2019-06-30
Genre: Political Science
ISBN: 1501711970

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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.

Mastering Space

Mastering Space
Author: John Agnew
Publisher: Routledge
Total Pages: 275
Release: 2002-09-26
Genre: Political Science
ISBN: 1134869096

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Employs a geographical perspective to the study of international relations, thereby integrating the political and economic dimensions in a study of the international economy from 1800 to the present day.

American Hegemony after the Great Recession

American Hegemony after the Great Recession
Author: Brandon Tozzo
Publisher: Palgrave Macmillan
Total Pages: 155
Release: 2018-11-10
Genre: Political Science
ISBN: 9781349847013

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This book traces America's rise as a hegemon of the capitalist system, arguing that the greatest threat to global economic stability is America's polarized and ineffectual political system rather than foreign competition from China and the European Union. The author points to China’s considerable demographic problem, which will likely undermine its economic potential. Furthermore, the sovereign debt crisis in Europe – which has left the continent politically fragmented by an institutional malaise – is evidence of the United States’ continued status as the world’s most successful nation. Tozzo posits that, due to factors such as its initial response to the financial crisis, the near failure of its banking system, the catastrophe of the debt ceiling crisis, and the election of Donald Trump as president, the greatest threat to American hegemony is America itself.

American Hegemony and the Rise of Emerging Powers

American Hegemony and the Rise of Emerging Powers
Author: Salvador Santino Regilme
Publisher: Routledge
Total Pages: 370
Release: 2017-10-18
Genre: Political Science
ISBN: 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.

American Hegemony in the 21st Century

American Hegemony in the 21st Century
Author: Jonathan Pass
Publisher: Routledge
Total Pages: 273
Release: 2019-02-01
Genre: Political Science
ISBN: 0429859589

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For many years now debates over America hegemony and its supposed decline have circulated academic circles. The neo-Gramscians have greatly enriched our knowledge in this field, developing some key theoretical tools and concepts, yet ontological inconsistencies, notably the downgrading of structure, has meant their explanation of the dynamics of the contemporary world order remains somewhat incomplete. In this book, Jonathan Pass aims to counter such oversights, drawing directly on the ideas of Antonio Gramsci (amongst others) to elaborate a more sophisticated, overtly materialist, theory of world hegemony, rooted in a critical realist philosophy of science. Through the lens of this Neo neo-Gramscian (NNG) approach the book examines the complex interplay of internal and external social forces responsible for the evolving 'nature' of US hegemony, from its establishment in the 1940s, passing through its different stages of crisis and restructuring up to the present. China's spectacular rise undoubtedly constitutes a 'world event', but is it potentially a 'world hegemon'? The book seeks to sheds some light on this question, analysing the economic and geopolitical significance of China's emergence and how it affects, and is affected by, both American hegemony and its own extremely delicate 'passive revolution' at home. American Hegemony in the 21st Century presents a major contribution to International Relations, International, Political Economy, Politics and Philosophy and will be of interest to researchers looking for a more sophisticated and convincing analysis of the dynamics of the contemporary world order.