By Robert O. Keohane
This booklet is a accomplished examine of cooperation one of the complicated capitalist nations. Can cooperation persist with no the dominance of a unmarried energy, reminiscent of the us after international warfare 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 economic system and describes the evolution of those regimes as American hegemony has eroded. Refuting the concept that the decline of hegemony makes cooperation most unlikely, he perspectives foreign regimes no longer as vulnerable substitutes for international govt yet as units for facilitating decentralized cooperation between egoistic actors. within the preface the writer addresses the difficulty of cooperation after the top of the Soviet empire and with the renewed dominance of the U.S., in defense concerns, in addition to contemporary scholarship on cooperation.
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Additional info for After Hegemony: Cooperation and Discord in the World Political Economy
253). As we will see in more detail in later chapters, some of the "goods" produced by hegemonic leadership are not genuinely collective in character, although the implications of this fact are not necessarily as damaging to the theory as might be imagined at first. More critical is the fact that in international economic systems a few actors typically control a preponderance of resources. This point is especially telling, since the theory of collective goods does not properly imply that cooperation among a few countries should be impossible.
But only in the second of these periods was there a trend toward the predicted disruption of established rules and increased discord. And a closer examination of the British experience casts doubt on the causal role of British hegemony in producing cooperation in the nineteenth century. Both Britain in the nineteenth century and the United States in the 3 It should also be evident, in view of our discussion in chapter 2, that the refined version of hegemonic stability theory is not systemic, since it depends for its explanatory power on variations in the internal characteristics of actors.
America after 1945 did not merely replicate earlier British experience; on the contrary, the differences between Britain's "hegemony" in the nineteenth century and America's after World War II were profound. As we have seen, Britain had never been as superior in productivity to the rest of the world as the United States was after 1945. 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.
After Hegemony: Cooperation and Discord in the World Political Economy by Robert O. Keohane