By Robert O. Keohane
This ebook is a entire research of cooperation one of the complicated capitalist nations. Can cooperation persist with out the dominance of a unmarried energy, reminiscent of the U.S. after international warfare II? to reply to this urgent query, Robert Keohane analyzes the associations, or "international regimes," wherein 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 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 problem of cooperation after the top of the Soviet empire and with the renewed dominance of the us, in defense concerns, in addition to fresh scholarship on cooperation.
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Extra resources for After Hegemony: Cooperation and Discord in the World Political Economy
There are two principal reasons for this. First, causal analysis is difficult at the unit level because of the apparent importance of idiosyncratic factors, ranging from the personality of a leader to the peculiarities of a given country's institutions. Parsimonious theory, even as a partial "first cut," becomes impossible if one starts analysis here, amidst a confusing plethora of seemingly relevant facts. Second, analyzing state behavior from "inside-out" alone leads observers to ignore the context of action: the pressures exerted on all states by the competition among them.
Considering this objection, we could define wealth simply as the "means of want satisfaction," or anything that yields utility, whether in the form of investment or consumption. This definition has the virtue of viewing wealth as a stock of resources, without arbitrarily excluding either consumption goods or nonmaterial sources of satisfaction. Yet it remains excessively broad in two ways. First, it omits reference to scarcity. In neoclassical economic analysis, value is derivative from market relationships: wealth can only be assessed after markets have evaluated different products or services.
This is a parsimonious theory that relies on what was referred to in chapter 2 as a "basic force model," in which outcomes reflect the tangible capabilities of actors. Yet, like many such basic force models, this crude theory of hegemonic stability makes imperfect predictions. In the twentieth century it correctly anticipates the relative cooperativeness of the twenty years after World War II. It is at least partially mistaken, however, about trends of cooperation when hegemony erodes. 2 As we will see in chapter 9, recent changes in international regimes can only partially be attributed to a decline in American power.