By Carla Norrlof
For over sixty years the U.S. has been the most important economic climate and strongest state on the earth. besides the fact that, there's transforming into hypothesis that this period of hegemony is below probability because it faces large alternate deficits, a weaker foreign money, and stretched army assets. America's international virtue argues that, regardless of those problems, the U.S. will retain its privileged place. during this unique and significant contribution to a relevant topic in diplomacy, Carla Norrlof demanding situations the existing knowledge that different states profit extra from US hegemony than the USA itself. by way of examining America's structural benefits in exchange, funds, and safety, and the ways that those merits toughen each other, Norrlof indicates how and why the USA merits from being the dominant energy on this planet. opposite to predictions of yank decline, she argues that American hegemony will undergo for the foreseeable destiny.
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Additional resources for America's Global Advantage: US Hegemony and International Cooperation
7 This solves the free-rider problem. ”12 On this reading, it is the hegemon’s 6 Kindleberger 1973. Kindleberger 1973. 8 Brawley 1995. Frohlich and Oppenheimer 1970. 9 Kindleberger 1986a. 10 Kindleberger 1986b. 11 Keohane 1984. ” 5 7 14 The forms and consequences of hegemonic leadership long-term preference (for cooperative outcomes) that is benevolent. In this case, what is really meant by benevolence is that, under certain circumstances, an agent’s pursuit of its own interest serves the interests of others as well – not only in the way that is characteristic of all market transactions, but in a more specific way, namely the production of goods with net positive externalities.
They facilitate interaction by providing a setting for informal and formal negotiations and framework agreements that regulate state behavior along with mechanisms that increase transparency. Sometimes, as in the case of the WTO, they even establish procedures to punish recalcitrant members. This idealized setting is a far cry from the international system of the twentieth and twenty-first centuries, when international institutions were set up, and possibly from any given time since the Peace of Westphalia in 1648, when the modern system of sovereign states was introduced.
My goal in this book is to dispel the idea that other states have had more to gain from American hegemony than America itself. To the contrary, I will show that the United States has gained relative to other states, and that these gains are due to its special position within the international system across three key issue-areas – trade, monetary relations, and security affairs – as well as the interactive effects between these. To make this point, I begin the section on the consequences of American hegemony by sketching a rough portrait of the United States’ basic strategy within these domains.