POLI 441 Chapter Notes - Chapter 1: Hegemony, Glossary Of French Expressions In English, Protectionism
Document Summary
Cooperation and international regimes (p. 49-64) hegemony depends on asymmetrical cooperation (sucessful hegemons support and maintain it) American century period of hegemonic cooperation baed on common commitment to openness and non- discrimination. 1947-1963 (ish) then us started to get a bit protectionist (mandatory il import quotas, interest equalization tax, textile fiber restrictions) Am. influence b/c 3 major benefits that partners received: stable int"l monetary system facilitate liberal int"l trade and payments, provision of open markets for goods reduce tariffs and restrictions, access to oil at stable prices. Us sought to construct formal int"l regimes in money + trade + oil reacted to initially weak imf and failure of br. Loan of 1946 by creating marshall plan and supporting european payments union (epu) reconstituted an int"l monetary regime with imf in the centre made up for defeated int"l trade org. (ito) by supporting general agreement on. Us, uk, and allies formed imf and ibrd (later wb)