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Hegemony`s Effect on Interstate Trade: Leveling the Playing Field - or the Rich Get Richer While the Poor Get Poorer? |
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Abstract:
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This paper examines the impact of hegemonic governance on interstate trade. Whether and how hegemonic leadership affects the international political economy have lately received scant attention in the political science and economics literatures. This is unfortunate, given the potential explanatory power of this rich theoretical perspective. This paper has three (3) components. First, we review the theoretical arguments and earlier empirical investigations linking hegemonic leadership to international economic stability. Although the majority of previous studies tend to find some support for the hypothesis that hegemony is not a necessary condition for financial stability and hence, increased international trade, these examinations leave many important questions unanswered or at best, with ambiguous answers. To address these questions, we develop a more complete theoretical argument explaining how hegemony affects interstate trade – at the systemic, major power sub-systemic, and dyadic levels of analysis. We hypothesize that strong hegemony increases trade across the system, among major powers, and also within nation-state pairs where the hegemon—the state with the ability, the will, and the acceptance of other states to assume leadership—has strategic interests. Finally, we use comprehensive, multidimensional indicators (from Sacko 2003) to conduct a much improved assessment of the effects of both the “hegemonic power” and “hegemonic interest” of the United Kingdom (1816-1945) and the United States (1946-1992) on interstate trade. We find that hegemonic governance does not statistically significantly affect aggregate world trade. Hegemonic governance, however, is statistically significantly and positively related to both major power sub-systemic trade – and to trade within dyads strategically relevant to the hegemon. |
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hegemon (255), power (250), state (186), intern (181), system (162), hegemoni (156), econom (96), theori (87), world (82), trade (79), major (78), stabil (75), unit (56), indic (55), dimens (52), polit (49), relat (49), gilpin (48), kindleberg (48), good (47), war (46), |
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Name: American Political Science Association URL: http://www.apsanet.org
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Citation:
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MLA Citation:
| Sacko, David. and Jungblut, Bernadette. "Hegemony`s Effect on Interstate Trade: Leveling the Playing Field - or the Rich Get Richer While the Poor Get Poorer?" Paper presented at the annual meeting of the American Political Science Association, Hilton Chicago and the Palmer House Hilton, Chicago, IL, Sep 02, 2004 <Not Available>. 2009-05-26 <http://www.allacademic.com/meta/p60193_index.html> |
APA Citation:
| Sacko, D. H. and Jungblut, B. M. , 2004-09-02 "Hegemony`s Effect on Interstate Trade: Leveling the Playing Field - or the Rich Get Richer While the Poor Get Poorer?" Paper presented at the annual meeting of the American Political Science Association, Hilton Chicago and the Palmer House Hilton, Chicago, IL Online <.PDF>. 2009-05-26 from http://www.allacademic.com/meta/p60193_index.html |
Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: This paper examines the impact of hegemonic governance on interstate trade. Whether and how hegemonic leadership affects the international political economy have lately received scant attention in the political science and economics literatures. This is unfortunate, given the potential explanatory power of this rich theoretical perspective. This paper has three (3) components. First, we review the theoretical arguments and earlier empirical investigations linking hegemonic leadership to international economic stability. Although the majority of previous studies tend to find some support for the hypothesis that hegemony is not a necessary condition for financial stability and hence, increased international trade, these examinations leave many important questions unanswered or at best, with ambiguous answers. To address these questions, we develop a more complete theoretical argument explaining how hegemony affects interstate trade – at the systemic, major power sub-systemic, and dyadic levels of analysis. We hypothesize that strong hegemony increases trade across the system, among major powers, and also within nation-state pairs where the hegemon—the state with the ability, the will, and the acceptance of other states to assume leadership—has strategic interests. Finally, we use comprehensive, multidimensional indicators (from Sacko 2003) to conduct a much improved assessment of the effects of both the “hegemonic power” and “hegemonic interest” of the United Kingdom (1816-1945) and the United States (1946-1992) on interstate trade. We find that hegemonic governance does not statistically significantly affect aggregate world trade. Hegemonic governance, however, is statistically significantly and positively related to both major power sub-systemic trade – and to trade within dyads strategically relevant to the hegemon. |
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| Page count: |
38 |
| Word count: |
20635 |
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| Hegemony's Effect on Interstate Trade: Leveling the Playing Field--or the Rich Get Richer While the Poor Get Poorer? David H. Sacko The United States Air Force Academy David.Sacko@usafa.af.mil Bernadette M.E. Jungblut University of Central Florida bjungblu@mail.ucf.edu Paper to be Presented at the Annual Meeting of the American Political Science Association Chicago Illinois 2 5 September 2004. ABSTRACT: This paper examines the impact of hegemonic governance on interstate trade. Whether and how hegemonic leadership affects the international political economy |
| The Politics of the World-Economy: The States Movements and Civilization Essays. Cambridge: Cambridge University Press. Waltz Kenneth. 1979. Theory of International Politics. Reading Mass: Addison-Wesley. Watson Adam. 1992. The Evolution of International Society. London: Routledge. Webb Michael C. and Stephen D. Krasner. 1989. "Hegemonic Stability Theory: An Empirical Assessment." Review of International Studies 15: 183-98. Wiener Jarrod. 1995. "Hegemonic Leadership: Naked Emperor of the Worship of False Gods?" European Journal of International Relations. 1(2): 219-243. Zorn Christopher J. |
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