Chapter

From Hegemony to Empire

Baldev Raj Nayar

in The Geopolitics of Globalization

Published in print December 2007 | ISBN: 9780195693034
Published online October 2012 | e-ISBN: 9780199081783 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195693034.003.0006

Series: Oxford India Paperbacks

From Hegemony to Empire

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This chapter analyses how the end of World War II saw a radically new distribution of power resulting in the emergence of a new world economic order as also a new political order. The new order reflected the preferences of the USA. In the last fifty years there have been some changes which have resulted in both a diffusion of power and an increase in the concentration of power in the USA. The diffusion has given rise to challenges to American hegemony while the increased concentration of power has established a virtual American empire that influences the globalization process. The author discusses the efforts of the European Union to create a multipolar world, and the perceived economic threats from Japan in the 1990s leading to the US preventing it from participating in the East Asian Economic Caucus in the 1990s. The author concludes by forecasting that the geopolitical power of the USA is unlikely to remain seriously challenged in the twenty first century.

Keywords: United States; world economic order; political order; US hegemony; globalization; unilateralism; Japan; European Union

Chapter.  16671 words. 

Subjects: Political Economy

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