By Robert O. Keohane
This booklet is a entire learn of cooperation one of the complex capitalist international locations. Can cooperation persist with no the dominance of a unmarried strength, equivalent to the us after global warfare II? to reply 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 the decline of hegemony makes cooperation very unlikely, he perspectives foreign regimes no longer as susceptible substitutes for global govt yet as units for facilitating decentralized cooperation between egoistic actors. within the preface the writer addresses the problem of cooperation after the tip of the Soviet empire and with the renewed dominance of the U.S., in safety concerns, in addition to fresh scholarship on cooperation.
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Additional info for After Hegemony: Cooperation and Discord in the World Political Economy
From chapter 9 we can see that both Realist concepts of power and self-interest and the arguments developed here about the significance of international regimes provide valuable insights into the nature of the contemporary world political economy. We need to go beyond Realism, not discard it. By documenting the erosion of American hegemony, furthermore, chapter 9 shows that our key puzzle— how cooperation can take place in the absence of hegemony—is not merely hypothetical but highly topical. It thus suggests the relevance for our own era of the theories of international cooperation put forward in Part II.
Many Marxian interpretations of hegemony turn out to bear an uncanny resemblance to Realist ideas, using different language to make similar points. Antonio Gramsci's conception of ideological hegemony, however, does provide an insightful supplement to purely materialist arguments, whether Realist or Marxist. E VALUATING THE T HEORY OF H EGEMONIC S TABILITY The theory of hegemonic stability, as applied to the world political economy, defines hegemony as preponderance of material resources. Four sets of resources are especially important.
Nor was the United States ever as dependent on foreign trade and investment as Britain. Equally important, America's economic partners—over whom its hegemony was exercised, since America's ability to make the rules hardly extended to the socialist camp—were also its military allies; but Britain's chief trading partners had been its major military and political rivals. In addition, one reason for Britain's relative ineffectiveness in maintaining a free trade regime is that it had never made extensive use of the principle of reciprocity in trade (McKeown, 1983a).
After Hegemony: Cooperation and Discord in the World Political Economy by Robert O. Keohane