The Governance of Globalization: The Political Economy of Anglo-American Hegemony, 1793-2003
34 Pages Posted: 14 Sep 2003
Date Written: September 2003
Modern globalization's public goods (provided for the world economy as a whole and which include free flows of trade and factors of production across frontiers, stable rates of exchange, the containment of warfare and mercantilism, the preservation of the environment and latterly the protection of cities against rogue states and terrorism) are represented as a benign outcome of six decades of "hegemony" exercised by governments in Washington from 1941 to 2003. The view promulgated largely by Anglo-American social scientists that the United Kingdom (and before that other powers) also supplied significant public goods for the international order has been degraded in this paper into theory without history. In short, the assertion that American Hegemony can be perceived as a succession to the Pax Britannica from 1793-1914 is virtually a myth.
JEL Classification: N10, A1
Suggested Citation: Suggested Citation