Author : Alison Bailin
Publisher : Routledge
ISBN 13 : 1351157868
Total Pages : 213 pages
Book Rating : 4.3/5 (511 download)
Book Synopsis From Traditional to Group Hegemony by : Alison Bailin
Download or read book From Traditional to Group Hegemony written by Alison Bailin and published by Routledge. This book was released on 2017-11-28 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing a new theory of hegemony, called group hegemony, the author explains how a few wealthy countries maintain the liberal economic order and how this helps to sustain the economic disparity between the core and the periphery in the post-World War II era. The theory proposes that the G7 acts as a global government of last resort - a crisis manager - when other institutions prove inadequate to sustain the world order. The G7 also supplies resources, such as large markets, foreign investment, and funding for international institutions. These goods serve to entice the majority of countries to participate in and abide by the rules governing the world economic order without changing the systemic distribution of power. The volume develops a theoretical analysis of the G7's significance in international relations. It explains how the G7 countries collaborate to perpetuate the economic order and impart an institutional stability to an inequitable system.