Nobody downloaded yet

Do we need American hegemony in the global economic system to build and maintain the liberal global capitalist economic order - Essay Example

Comments (0) Cite this document
Summary
In the era past World War II, America established itself as one of two superpower nations. With the Soviet Union providing counterbalancing power, America waged a diplomatic war to assert and spread its ideological content. This ideological confrontation manifested in two forms: between communism and liberal democracy, ans socialism and capitalism. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Do we need American hegemony in the global economic system to build and maintain the liberal global capitalist economic order
Read TextPreview

Extract of sample "Do we need American hegemony in the global economic system to build and maintain the liberal global capitalist economic order"

Download file to see previous pages What is more relevant to this essay, though, is the mode and manner in which this grand transformation in global economics was brought about. It was not as if those different regimes across the world saw the merits of neo-liberal capitalism and assented to join in the party. The truth is much more complex and far less pretty that what propaganda has projected. It is reasonable to say that American military might had been the primary factor in bringing about this transformation. Either the threat of the forceful action or direct military involvement has been a coercive factor in the global economic order (the ongoing occupation of Iraq is a prominent recent example). There is also the interests of regional elites, who saw the benefits of aligning with the mighty at the cost of disregarding democratic considerations. Now into its fourth decade, neo-liberal capitalism seems to have strongly entrenched, and it is difficult to see how its march could be stopped. It is in this context that the topic question of this essay has to be pondered upon. The essay topic can be broken down into two components. First, we need to ask if neo-liberal ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Do we need American hegemony in the global economic system to build Essay”, n.d.)
Retrieved from https://studentshare.org/environmental-studies/1411659-do-we-need-american-hegemony-in-the-global-economic-system-to-build-and-maintain-the-liberal-global-capitalist-economic-order
(Do We Need American Hegemony in the Global Economic System to Build Essay)
https://studentshare.org/environmental-studies/1411659-do-we-need-american-hegemony-in-the-global-economic-system-to-build-and-maintain-the-liberal-global-capitalist-economic-order.
“Do We Need American Hegemony in the Global Economic System to Build Essay”, n.d. https://studentshare.org/environmental-studies/1411659-do-we-need-american-hegemony-in-the-global-economic-system-to-build-and-maintain-the-liberal-global-capitalist-economic-order.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Do we need American hegemony in the global economic system to build and maintain the liberal global capitalist economic order

Global economic

...?Global economic - article analysis A. Economist. “World population. Now we are seven billion. Persuading women to have fewer babies would help in some places. But it is no answer to scarce resources”. 2 Oct. 2011 1st version The particular article refers to the potential effects of growth of population globally. The conflict between Julian Simon and Paul Ehrlich in 1980 is used in order to show the different perceptions in regard to the increase of population globally, if compared to the past. More specifically, in 1980 a strong opposition has been developed between J. Simon, an economist, and P. Ehrlich, a biologist (Economist 2011). In...
24 Pages(6000 words)Assignment

Threats to Global Security

...on principles of “realism” that use idealism only in Orwellian terms, the process Rogers describes can be seen as a “violent peace” or characteristic or global hegemony where entrenched late-capitalist powers maintain control and expand through globalization. Rogers writes: “Some quite fundamental rethinking of our attitudes to security is necessary. Countering socioeconomic divisions and embracing sustainable development are actually core requirements for stable international security. In one sense this is nothing new and has been a common argument in writings on environmental and development issues for a couple of decades, such as the Brandt and...
14 Pages(3500 words)Essay

Global economic and marketing

...the government is running on a deficit budget then it is within reason that the government increases the income tax rate or tax band in order to increase its revenue. From the data provided one establishes the United Kingdom does not increase the tax rate but it increases the tax band. This is considered by various scholars as a good policy to adopt when allocate tax revenue especially in economic turmoil times. The tax system of the United Kingdom is designed in a manner in which those who earn minimum wages are charged lower taxes than those who earn higher amounts. For instance a person who earns 150,000 pounds is charged a higher tax rate when compared to one who earns 10, 000...
5 Pages(1250 words)Essay

Global Managerial Economic

...of the United States and Canada. The North American Agreement on Environmental Cooperation (NAAEC), NAFTAs supplemental agreement on the environment, promotes development through mutually supportive environmental and economic policies. It also created the Commission for Environmental Cooperation (CEC) to protect, conserve, and improve the environment (Fitzgerald 6). The institution of NAFTA in 1994 is also seen to help Mexico to recover from the 1995 recession which brought a steep fall in output, increase in unemployment, and drop in real wages. However, the Foreign Trade Information System of the United States asserts that “there are good reasons to believe that Mexicos decision to...
3 Pages(750 words)Essay

Global Economic Perspectives

...to trade TBT: Agreement on Technical Barriers to Trade SPS: Agreement on Sanitary and Phytosanitary Measures Trade in textiles Trade in agriculture Global Economy Policy-making: The WTO cooperates with other international trade institutions in formulating International trade and economic policies. These policies set out parameters for international trade as well as dispute resolution. Ensuring free trade and trade liberalization. The WTO gas been instrumental in using its substantial standing in the world to support and even assist countries to deal with economic slowdowns by allowing them easier conditions in international trade and some degree of buffering against pure...
20 Pages(5000 words)Essay

Global Economic Issues

...Globalization and/or globalism particularly refer to a set of liberal economic principles that underlie the very nature of how best to expand international trade and commerce links beyond the national borders of countries (Nagdeman, 2009). While the underlying theoretical constructs basically refer to such parallel concepts as international free trade and financial movements there are other related concepts too. For instance Washington Consensus has given rise to a series of theoretical conceptual frameworks that inform the very system of international finance and players, i.e. governments and, public and private financial services...
10 Pages(2500 words)Essay

American hegemony in the global economic system

...seems to have strongly entrenched, and it is difficult to see how its march could be stopped. It is in this context that the topic question of this essay has to be pondered upon. The essay topic can be broken down into two components. First, we need to ask if neo-liberal capitalism at the global stage should be accepted without question or challenge. Second, we need to ask if American hegemony (in political and economic realms) is of any good; if so, for whom? And finally, we can synthesize and answer the whole question, namely, “Do...
12 Pages(3000 words)Essay

GLOBAL ECONOMIC

...of the five countries is to maintain low levels of inflation and consumer price index as depicted by the graph with the levels of inflation in China, Australia, Indonesia, and UK having been low throughout through the maintenance of openness, government policy, and convergence in prices consistent with the maintenance of low inflation rates (Maynard, 2007). The need for convergence may have led to the falling of inflation rates in Russia from 1994 to 2002 and maintaining a constant inflation rate thereafter. Question 5: Refer to the line chart below and discuss the possible economic reasons for those differences between the five countries The main reason for the...
2 Pages(500 words)Assignment

GLOBAL ECONOMIC

... Marx and Wolff’s economic visions Do Marx and Wolff talk about oligopolization? Both Marx and Wolff have addressed the issue of oligopolization. The later notes that major industries are being dominated by a couple of players who have managed to build a great business model that can take advantage of economies of scale. Oligopolization undermines the ability of organizations to compete. As a result, the employees may lose their jobs when their organizations are disrupted. Moreover, the latter attributes part of the responsibility for the 2008 financial crisis on the fact that only a few large financial institutions control a bulk of the global financial market. What about the expansion of the proletariat? Mark and Wolff address... the...
2 Pages(500 words)Essay

Global Economic Environments

...Global Economic Environments College: Global Economic Environments Big US Refrigerator Corporation is a renown company in the country for some decades. It has been making different electronics and in this year, the company has come up with something of its kind. The company has invented a new model of refrigerator that it plans to launch within the next few months. In addition, this model is far much better than the previous model since there have been some additional features fixed in it. The refrigerator comes in different sizes just like the previous model to suit individual needs. As the designers were designing this new product, they also considered companies that make use of refrigerators. This is to mean that our products... are not...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Do we need American hegemony in the global economic system to build and maintain the liberal global capitalist economic order for FREE!

Contact Us