POLSCI 1AB3 Lecture Notes - Lecture 13: De Facto Currency, Hegemony, Humanitarian Crisis
11 Apr 2018
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Document Summary
One common feature of both periods of time is that the international system was dominated by one state that had an overwhelming advantage in power over all other states. Both eras have states that are hegemonic. Thus we see high levels of international openness during the period of british. Ho(cid:449)e(cid:448)er, o(cid:374)(cid:272)e britai(cid:374)"s preponderance began to decline (relatively speaking) the international system seized up and descended into war. Extending this correlation to the present, high levels of international openness appear to correspond with the american international dominance that began in the mid-20th century. With the rise of the american hegemon the international order stabilized, and a trade and rule-based international order ((cid:862)glo(cid:271)alizatio(cid:374)(cid:863)) began again. The extent of us power in 4 different areas (this schema is derived from michael. There are several aspects of the american economy that appear to give it an unparalleled supremacy in the international system: the american economy is the largest in the world.
