Ebook Birth of Hegemony: Crisis, Financial Revolution, and Emerging Global Networks, by Andrew C. Sobel
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Birth of Hegemony: Crisis, Financial Revolution, and Emerging Global Networks, by Andrew C. Sobel
Ebook Birth of Hegemony: Crisis, Financial Revolution, and Emerging Global Networks, by Andrew C. Sobel
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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.
- Sales Rank: #1807705 in Books
- Brand: Brand: University Of Chicago Press
- Published on: 2012-08-30
- Released on: 2012-08-30
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.40" w x 6.00" l, .90 pounds
- Binding: Paperback
- 296 pages
- Used Book in Good Condition
Review
"As the United States faces both military and economic challenges to its international status, Birth of Hegemony speaks to important and timely debates. Drawing on the insights of political science, history, finance, and economics, Andrew C. Sobel provides a masterly critique of existing hegemonic theories, extending our understanding of how states develop into international leaders and how they stabilize the global system." (William T. Bernhard, University of Illinois at Urbana-Champaign)"
About the Author
Andrew C. Sobel is a political scientist in the program in international and area studies at Washington University in St. Louis. He is the author of several books, including Political Economy and World Affairs; StateInstitutions, Private Incentives, Global Capital; and Domestic Choices, International Markets.
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