Birth of Hegemony: Crisis, Financial Revolution, and Emerging Global Networks
ISBN-13:
9780226767598
ISBN-10:
0226767590
Edition:
Illustrated
Author:
Andrew C. Sobel
Publication date:
2012
Publisher:
University of Chicago Press
Format:
Hardcover
296 pages
Category:
Economic Conditions
,
Economics
,
Economics
,
International Business
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Book details
ISBN-13:
9780226767598
ISBN-10:
0226767590
Edition:
Illustrated
Author:
Andrew C. Sobel
Publication date:
2012
Publisher:
University of Chicago Press
Format:
Hardcover
296 pages
Category:
Economic Conditions
,
Economics
,
Economics
,
International Business
Summary
Birth of Hegemony: Crisis, Financial Revolution, and Emerging Global Networks (ISBN-13: 9780226767598 and ISBN-10: 0226767590), written by authors
Andrew C. Sobel, was published by University of Chicago Press in 2012.
With an overall rating of 3.6 stars, it's a notable title among other
Economic Conditions
(Economics, Economics, International Business) books. You can easily purchase or rent Birth of Hegemony: Crisis, Financial Revolution, and Emerging Global Networks (Hardcover) from BooksRun,
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Economic Conditions
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Description
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.
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