Birth of Hegemony

Crisis, Financial Revolution, and Emerging Global Networks

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions
Cover of the book Birth of Hegemony by Andrew C. Sobel, University of Chicago Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Andrew C. Sobel ISBN: 9780226767611
Publisher: University of Chicago Press Publication: September 3, 2012
Imprint: University of Chicago Press Language: English
Author: Andrew C. Sobel
ISBN: 9780226767611
Publisher: University of Chicago Press
Publication: September 3, 2012
Imprint: University of Chicago Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from University of Chicago Press

Cover of the book Democracy and Dysfunction by Andrew C. Sobel
Cover of the book Sophocles II by Andrew C. Sobel
Cover of the book Season of Rains by Andrew C. Sobel
Cover of the book The Economy of Glory by Andrew C. Sobel
Cover of the book The Cult of the Saints by Andrew C. Sobel
Cover of the book The Great Prince Died by Andrew C. Sobel
Cover of the book Notebooks, English Virtuosi, and Early Modern Science by Andrew C. Sobel
Cover of the book Model Behavior by Andrew C. Sobel
Cover of the book The Good Project by Andrew C. Sobel
Cover of the book The New Gods by Andrew C. Sobel
Cover of the book Supreme Court Economic Review, Volume 22 by Andrew C. Sobel
Cover of the book Mixed Messages by Andrew C. Sobel
Cover of the book Issues in Law and Economics by Andrew C. Sobel
Cover of the book Collective Action and the Civil Rights Movement by Andrew C. Sobel
Cover of the book News by Andrew C. Sobel
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy