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With American leadership facing increased competition from China and India, the question of how hegemons emerge - and are able to create conditions for lasting stability - is of utmost importance in international relations. The author draws attention to the critical role played by finance in the emergence of these liberal hegemons.
Focuses on a micro approach to political economy that grounds policy choices in the competitive environments of domestic politics and decision-making processes.
Helps students develop analytic skills for describing both what happens in the international political economy, and why policymakers make the choices they do. This title offers an overview of globalization that demonstrates the shortcomings of common macro-level models in the field, from realism to liberalism to hegemonic stability theory.
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