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Author: Thomas Costigan Publisher: Vij Books India Pvt Ltd ISBN: 8194261813 Category : Political Science Languages : en Pages : 127
Book Description
The book traces the origins of US hegemony from the planning conducted by the Council on Foreign Relations in the late 1930s to the implementation of strategies for US dominance at the Bretton Woods conference of 1944, where the US dollar was installed as the world's reserve currency. The book demonstrates how the US dollar's reserve currency status underpinned the economic primacy and power of the United States in the post-war period. It highlights the importance of the 1974 deal between the United States and Saudi Arabia to exchange US dollars for Saudi oil. It also examines the debate about the future of the US dollar's status within the global financial system.
Author: Thomas Costigan Publisher: Vij Books India Pvt Ltd ISBN: 8194261813 Category : Political Science Languages : en Pages : 127
Book Description
The book traces the origins of US hegemony from the planning conducted by the Council on Foreign Relations in the late 1930s to the implementation of strategies for US dominance at the Bretton Woods conference of 1944, where the US dollar was installed as the world's reserve currency. The book demonstrates how the US dollar's reserve currency status underpinned the economic primacy and power of the United States in the post-war period. It highlights the importance of the 1974 deal between the United States and Saudi Arabia to exchange US dollars for Saudi oil. It also examines the debate about the future of the US dollar's status within the global financial system.
Author: Thomas Palley Publisher: Edward Elgar Publishing ISBN: 1035320932 Category : Business & Economics Languages : en Pages : 145
Book Description
Dollar hegemony is a defining structural feature of the modern international financial order, and it confers significant economic and political privileges on the US. This book explores the political economic foundations of and prospects for dollar hegemony.
Author: Carla Norrlof Publisher: Cambridge University Press ISBN: 1139486802 Category : Political Science Languages : en Pages : 303
Book Description
For over sixty years the United States has been the largest economy and most powerful country in the world. However, there is growing speculation that this era of hegemony is under threat as it faces huge trade deficits, a weaker currency, and stretched military resources. America's Global Advantage argues that, despite these difficulties, the US will maintain its privileged position. In this original and important contribution to a central subject in International Relations, Carla Norrlof challenges the prevailing wisdom that other states benefit more from US hegemony than the United States itself. By analysing America's structural advantages in trade, money, and security, and the ways in which these advantages reinforce one another, Norrlof shows how and why America benefits from being the dominant power in the world. Contrary to predictions of American decline, she argues that American hegemony will endure for the foreseeable future.
Author: Reinhard Hildebrandt Publisher: Peter Lang ISBN: 9783631597316 Category : Asia Languages : en Pages : 120
Book Description
With the end of the 'East-West' conflict in 1990, an entirely new constellation seemed to emerge for the first time in the history of mankind. This was perceived by the power elite in the USA as a useful challenge to lend its - until then territorially restricted - hegemony a global dimension. From the perspective of the US elites (Francis Fukuyama), a period of indefinite American control over the rest of the world, in which there would be no more scope for potential rivals to emerge, would characterize the end of history. But some years later, the USA had to accept that the dual hegemony it had built up together with the Soviet Union was fundamental to the continued existence of American hegemony. Its inability to sustain a global hegemony revealed itself in the severe setbacks it suffered in the three wars waged in Iraq, Afghanistan and against the so-called international terrorists. Undeterred by the USA's imminent isolation, influential US experts insisted that US policies were still in line with the US' general perception of its role in the world: firstly to work for the good of the world and, secondly, to exercise its military might even when the rest of the world opposed it. Ignored for a long time by these very experts were the emergence of the interregional Asian triangle (China, India, Russia), Europe's reorientation and, in consequence, the USA's relegation as a hegemonic power.
Author: Brendan Brown Publisher: Springer Nature ISBN: 3030466531 Category : Business & Economics Languages : en Pages : 228
Book Description
This book showcases written dialogue from Brendan Brown and Philippe Simonnot on the subject of European monetary turmoil past and present and what hope there could be for future reform. Starting with the collapse of the gold standard in 1914, proceeding to the brief gold-dollar standard of the mid inter-war years, on to the collapse of Bretton Woods and the heyday of the Deutsche mark and ultimately discussing the euro, this book looks at a broad range of financial history alongside many new and provoking hypotheses about the devastating monetary turbulence of the successive eras, always with a focus on the US monetary hegemon. A highlight of the dialogue is an exploration of how past and future crises could combine to give birth to sound money in Europe – the launch, in effect, of a new euro. In the questions and answers within these pages, the authors draw on global examples and the challenges for Europe in deciding how to adapt to successive monetary shocks from the US, crafting a book that would be of interest to general finance and economics readers alongside students, researchers, and policymakers.
Author: David E. Spiro Publisher: Cornell University Press ISBN: 1501711970 Category : Political Science Languages : en Pages : 195
Book Description
Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
Author: Thomas Oatley Publisher: Cambridge University Press ISBN: 1316241009 Category : Political Science Languages : en Pages : 211
Book Description
In A Political Economy of American Hegemony, Thomas Oatley explores how America's military buildups have produced postwar economic booms that have culminated in monetary and financial crises. The 2008 subprime crisis - as well as the housing bubble that produced it - was the most recent manifestation of this buildup, boom, and bust cycle, developing as a consequence of the decision to deficit-finance the wars in Afghanistan and Iraq. Earlier instances of financial crises were generated by deficit-financed buildups in the 1980s and the late 1960s. The buildup, boom, and bust pattern results from the way political institutions and financial power shape America's response to military challenges: political institutions transform increased military spending into budget deficits, and financial power enables the United States to finance these deficits by borrowing cheaply from the rest of the world. Oatley examines how this cycle has had a powerful impact on American and global economic and financial performance.
Author: Thomas Costigan
Author: Thomas Costigan
Author: Thomas Palley
Author: Carla Norrlof
Author: Shung-Hae Kim
Author: John A. Agnew
Author: Reinhard Hildebrandt
Author: Barry Eichengreen
Author: Brendan Brown
Author: David E. Spiro
Author: Thomas Oatley