Download PDF by Robert O. Keohane: After Hegemony: Cooperation and Discord in the World
By Robert O. Keohane
This booklet is a accomplished research of cooperation one of the complex capitalist nations. Can cooperation persist with out the dominance of a unmarried strength, equivalent to the U.S. after global warfare II? to respond to this urgent query, Robert Keohane analyzes the associations, or "international regimes," by which cooperation has taken position on the earth 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 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 protection issues, in addition to fresh scholarship on cooperation.
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Extra resources for After Hegemony: Cooperation and Discord in the World Political Economy
Viner observes that in Holland during the seventeenth and eighteenth centuries, "where the merchants to a large extent shared directly in government, major political considerations, including the very safety of the country or its success in wars in which it was actually participating, had repeatedly to give way to the cupidity of the merchants and their reluctance to contribute adequately to military finance" (1948, p. 20). In Britain also, "the autonomy of business connections and traditions," according to Viner, hindered the pursuit of state interests.
They are easy to justify on the basis of criteria that stress the importance of the autonomy of states, although evaluation is more difficult when cosmopolitan and egalitarian standards are employed. The policy implications of the book stem most directly from my emphasis on the value of information produced and distributed by international regimes. Providers as well as recipients of information benefit from its availability. It can therefore make sense to accept obligations that restrain one's own freedom of action in unknown future situations if others also accept responsibilities, since the effect of these reciprocal actions is to reduce uncertainty.
We will see in chapter 9 how shifts in the locus of control over oil affected the power of states and the evolution of international regimes. Guaranteed access to capital, though less obvious as a source of power, may be equally important. Countries with well-functioning capital markets can borrow cheaply and may be able to provide credit to friends or even deny it to adversaries. Holland derived political and economic power from the quality of its capital markets in the seventeenth century; Britain did so in the eighteenth and nineteenth centuries; and the United States has similarly benefited during the last fifty years (De Cecco, 1975; Feis, 1930; Ford, 1962; Kindleberger, 1978c; Lindert, 1969; Wallerstein, 1980).
After Hegemony: Cooperation and Discord in the World Political Economy by Robert O. Keohane