Friday, March 13, 2009

Can the US Perform Hegemonic Functions?

. Friday, March 13, 2009

Our friend Emmanuel from IPE Zone comments on my post about hegemonic stability: "In any event, I agree that the US cannot fulfill this role like it did in the past."

This is a fine conclusion, but I wonder if Emmanuel might sketch out the analysis that supports it. Don't worry, Emmanuel, I promise not to assign a grade to it.


Emmanuel said...

Yikes! That's a tall order, but I will oblige for now with this working paper. I originally thought it would make for an interesting journal submission circa 2006, but its ideas have since become "accepted wisdom".

Given the time frame I worked on it, some ideas are dated so don't fault me on those. The basic points are still sound, though. Most importantly, the US has little political will to confront its onerous future obligations, preferring to take a punt on difficult choices.

At the present time, this would include Obama's lip service but failure to enact PAYGO legislation.

Can the US Perform Hegemonic Functions?




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