By Robert O. Keohane
This publication is a entire examine of cooperation one of the complex capitalist international locations. Can cooperation persist with out the dominance of a unmarried strength, equivalent to the USA after international struggle II? to respond to this urgent query, Robert Keohane analyzes the associations, or "international regimes," by which cooperation has taken position on this planet political financial system and describes the evolution of those regimes as American hegemony has eroded. Refuting the concept that the decline of hegemony makes cooperation very unlikely, he perspectives foreign regimes now not as susceptible substitutes for international executive yet as units for facilitating decentralized cooperation between egoistic actors. within the preface the writer addresses the problem of cooperation after the top of the Soviet empire and with the renewed dominance of the U.S., in safeguard concerns, in addition to fresh scholarship on cooperation.
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Extra resources for After Hegemony: Cooperation and Discord in the World Political Economy
Systemic analysis of the international political economy begins by locating actors along the dimension of relative power on the one hand and wealth on the other. Kenneth Waltz has convincingly shown the error of theorizing at the unit level without first reflecting on the effects of the international system as a whole. There are two principal reasons for this. First, causal analysis is difficult at the unit level because of the apparent importance of idiosyncratic factors, ranging from the personality of a leader to the peculiarities of a given country's institutions.
144). Underlying this statement is one of the two central propositions of the theory of hegemonic stability (Keohane, 1980): that order in world politics is typically created by a single dominant power. Since regimes constitute elements of an international order, this implies that the formation of international regimes normally depends on hegemony. The other major tenet of the theory of hegemonic stability is that the maintenance of order requires continued hegemony. As Charles P. Kindleberger has said, "for the world economy to be stabilized, there has to be a stabilizer, one stabilizer" (1973, p.
Britain's share of world trade gradually declined during the next sixty years, but in 1938 it was still the world's largest trader, with 14 percent of the world total. In the nineteenth century Britain's relative labor productivity was the highest in the world, although it declined rather precipitously thereafter. 1 shows, Britain in the late nineteenth century and the United States after World War II were roughly comparable in their proportions of world trade, although until 1970 or so the United States had maintained much higher levels of relative productivity than Britain had done three-quarters of a century earlier.
After Hegemony: Cooperation and Discord in the World Political Economy by Robert O. Keohane