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Persistent Imbalance of Power - A Pervasive Hegemony Theory.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Persistent Imbalance of Power - A Pervasive Hegemony Theory./
作者:	Kovac, Igor.
面頁冊數:	1 online resource (694 pages)
附註:	Source: Dissertations Abstracts International, Volume: 84-01, Section: A.
Contained By:	Dissertations Abstracts International84-01A.
標題:	Political science. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29281546click for full text (PQDT)
ISBN:	9798802742273

Persistent Imbalance of Power - A Pervasive Hegemony Theory.
Kovac, Igor.

Persistent Imbalance of Power - A Pervasive Hegemony Theory. - 1 online resource (694 pages)

Source: Dissertations Abstracts International, Volume: 84-01, Section: A.

Thesis (Ph.D.)--University of Cincinnati, 2022.

Includes bibliographical references

Most International Relations literature suggests that when power becomes imbalanced, such a situation will be corrected - hegemony cannot persist over time. However, history offers us several examples of hegemonies lasting over a century, e.g., Ancient Rome, Ming China. So far scholars have offered four explanations for such enduring hegemony (Coercive Hegemony, Cooperative Hegemony, Cultural Hegemony, and Opportunist Hegemony), with a common mechanism: ineffective balancing. Namely, the hegemon has the capacity to put balancing at bay using different strategies flowing from the nature and fundamental principles of its hegemony. Hence, the hegemon uses coercion, institutional leverage, ideological indoctrination, or buyout, in order to assure its hegemony can endure. Yet, through time and through crisis the capacities of the hegemon to make the balancing ineffective diminishes. As such, these theories all share a similar assumption - imbalance is transitory and thus hegemony will breakdown. But what if that common assumption is incorrect. What if under certain conditions, imbalance is not resisted, but rather serves interests of non-hegemonic states as well as the hegemon? Twentieth and twenty-first century US hegemony suggests such conditions may exist. This American imbalance displays a different nature and fundamental mechanism behind its functioning. Although US relative power is declining, its global monetary network centrality is not. Moreover, even in times of severe crisis, such as the breakdown of the Bretton Woods system, or the Global Financial Crisis in 2008, we have not witnessed US monetary centrality decline. In fact, quite the opposite is true. The dynamics associated with an imbalance of power in favor of the United States runs against the expectations of existing theories. Therefore, we need a different theory to make sense of these particularities and make better policy recommendations. Thus, I have developed a Pervasive Hegemony Theory, which is based on a 'buy-in' behavior, that better explains US hegemony compared to existing alternatives. The 'buy-in' behavior relates to non-hegemonic states as well as the hegemon, in which all countries continue to use hegemon's monetary unit in their monetary relations, even in times of severe economic crisis. This reinforces the hegemony. Even though non-hegemonic states may not prefer the imbalance of power, they prefer conducting their economic relations within the hegemon's monetary unit and thus perpetuate the imbalance. Subsequently, they can only maximize their selfish interests and autonomy by buying-in to the hegemony and reproducing the imbalance of power. Conversely, the hegemon may not like the current rules and norms of the international system, but it can change those and obtain the support of the non-hegemonic states if it accepts to provide its monetary unit as the central currency of the system. In pursuing this argument, I use both quantitative (Network Analysis and Time Series) and qualitative methods (Process Tracing). I use the former on available economic data to establish the claim of US economic centrality, and that it is something different than what we have seen in the past. Second, I process trace the mechanisms of hegemonic and non-hegemonic state behavior in two international monetary systems (Bretton Woods and post-Bretton Woods) in order to isolate and identify the buy-in mechanism and provide an explanation of enduring imbalance ? ownership over the central monetary unit in global economy. The dissertation, thus, assesses existing theories and indicates their inadequacies in explaining an important international phenomenon and provides a more robust explanation of enduring hegemony with the economic centrality, namely the ownership of the central monetary unit.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9798802742273Subjects--Topical Terms:

528916
Political science.
Subjects--Index Terms:

HegemonyIndex Terms--Genre/Form:

542853
Electronic books.

Persistent Imbalance of Power - A Pervasive Hegemony Theory.
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