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This book discusses the role of space, time and cyclical behavior in world politics. More specifically, the political-economic role of lead economies – the world’s most innovative economies for finite periods of time – in world politics. These represent unusual concentrations of new technologies, energy sources, and military capabilities of global reach that play disproportional roles in the conduct of international affairs and the provision of limited governance at the most macro level. They also possess close links to economic growth and intense conflict. The book describes the economic, military and political processes behind the systemic leadership of a state at the international level. It also highlights the economic preconditions of systemic leadership, such as economic monopoly of new technologies and energy, which underlie the system leader’s material advantage over others. Analyzing lead economies and the evolution of power over a number of centuries, the author demonstrates how disruptions wrought by the emergence of new technologies and energy sources are partly responsible for global conflicts. This book appeals to international relations scholars as well as anyone interested in the political economy of systemic leadership, growth, and conflict in world politics.
Featuring contributions from both upcoming and distinguished scholars, including Steven Lukes, Joseph Nye, and Stefano Guzzini, this volume explores the nature and location of ‘power’ in international politics through a variety of conceptual lenses.
Why the future of great power politics is likely to resemble its dismal past Can great powers be confident that their peers have benign intentions? States that trust each other can live at peace; those that mistrust each other are doomed to compete for arms and allies and may even go to war. Sebastian Rosato explains that states routinely lack the kind of information they need to be convinced that their rivals mean them no harm. Even in cases that supposedly involved mutual trust--Germany and Russia in the Bismarck era; Britain and the United States during the great rapprochement; France and Germany, and Japan and the United States in the early interwar period; and the Soviet Union and United States at the end of the Cold War--the protagonists mistrusted each other and struggled for advantage. Rosato argues that the ramifications of his argument for U.S.-China relations are profound: the future of great power politics is likely to resemble its dismal past.
This book explores the effects and consequences of major global power and major regional power status attribution on the foreign policies of states striving for such status and the consequences of status differentiation for the international system and the post-Cold War international order.
Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.
Hegemony and World Order explores a key question for our tumultuous times of multiple global crises. Does hegemony – that is, legitimated rule by dominant power – have a role in ordering world politics of the twenty-first century? If so, what form does that hegemony take: does it lie with a leading state or with some other force? How does contemporary world hegemony operate: what tools does it use and what outcomes does it bring? This volume addresses these questions by assembling perspectives from various regions across the world, including Canada, Central Asia, China, Europe, India, Russia and the USA. The contributions in this book span diverse theoretical perspectives from realism to postcolonialism, as well as multiple issue areas such as finance, the Internet, migration and warfare. By exploring the role of non-state actors, transnational networks, and norms, this collection covers various standpoints and moves beyond traditional concepts of state-based hierarches centred on material power. The result is a wealth of novel insights on today's changing dynamics of world politics. Hegemony and World Order is critical reading for policymakers and advanced students of International Relations, Global Governance, Development, and International Political Economy.
Decolonization after World War II led to a significant global increase in the number of states. Each new nation was born with high expectations. But these hopes were soon eroded by the ineffectiveness and capriciousness of many of the new regimes. In many states military juntas have become the order of the day, and even where juntas have not taken power, political differences have repeatedly degenerated into violent exchanges that do not readily lend themselves to political settlement. Not only the new states have suffered from these problems; indeed, political solutions to conflict have become depressingly conspicuous by their absence. Against this background, the last decade has seen a resurgence of interest in evaluating the political capacity or strength of modern nation-states. In Power without Force, Robert Jackman argues that political capacity has two broad components: organizational age and legitimacy. Thus, it is essential to focus both on institutions conceived in organizational terms and the amount of compliance and consent that leaders are able to engender. The emphasis on each reflects the view that political life centers on the exercise of power, and that, unlike physical force, power is intrinsically relational. Although all states have he capability to inflict physical sanctions, their ability to exercise power is the key element of their political capacity. Drawing on a wide range of studies from political science, sociology, and political economy, Power without Force redirects attention to the central issues of political capacity. By stressing that effective conflict resolution must be addressed in political terms, this volume underscores perennial issues of governance and politics that form the heart of comparative politics and political sociology.