Author's Keywords: hegemony, hegemon, US hegemony, US hegemon, China, current account, trade deficit, economic growth, unrest, power	Convention All Academic Convention can solve the abstract management needs for any association's annual meeting. Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf. Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets! Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more! Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering. Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more! Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches! Click here for more information.
Association: Name: American Political Science Association URL: http://www.apsanet.org
Citation: URL: http://www.allacademic.com/meta/p151562_index.html Direct Link: HTML Code:

Davis, Carmel. "US Hegemony, China, and the US Current Account Deficit" Paper presented at the annual meeting of the American Political Science Association, Marriott, Loews Philadelphia, and the Pennsylvania Convention Center, Philadelphia, PA, Aug 31, 2006 <Not Available>. 2011-03-13 <http://www.allacademic.com/meta/p151562_index.html>

Davis, C. F. , 2006-08-31 "US Hegemony, China, and the US Current Account Deficit" Paper presented at the annual meeting of the American Political Science Association, Marriott, Loews Philadelphia, and the Pennsylvania Convention Center, Philadelphia, PA Online <APPLICATION/PDF>. 2011-03-13 from http://www.allacademic.com/meta/p151562_index.html

Publication Type: Proceeding Abstract: The US runs a large current account deficit, much of which is with China. I argue that this is the action of a liberal hegemon supporting and integrating a potential challenger and so preserving its hegemony. The US current account deficit supports China in two ways. First, it increases demand for Chinese exports. The Chinese economy has grown faster than it would have if the US had not had a current account deficit with China. Second, and more speculatively, this accelerated US demand for Chinese exports has helped China integrate its large population of un- and underemployed labor and so reduced political instability in the context of rapid economic growth. It has benefited US hegemony in two political ways. First, it has accelerated the rate at which China has integrated into the US-led liberal trading order created in the mid-1940s and so enhances US hegemony: China is the plausible peer competitor whose economic size might allow it to challenge the existing liberal trading order or even challenge the US militarily; increasing integration makes it much more costly for China to challenge the US and the liberal trading order. The cost for China to challenge the order reduces US costs to preserve its position as hegemon and the congenial environment it created for itself in the second-half of the twentieth century. Second, and more speculatively, a China that is domestically tranquil poses less of a threat to its neighbors and so further reduces US costs to preserve its position. I first discuss the US as a liberal hegemon. I then consider China and its economic and political challenges. I conclude by discussing how China benefits from the US acting as a hegemon and how US hegemony preserves itself by addressing these Chinese issues.

The Subnational Political Economy of Infrastructure: The Diffusion of Special Economic Zones Throughout the Developing World

Towards a Global Global Political Economy of Peace and Development - the role of the UN Millennium Declaration and of the World Economic and World Social Forum for Structural Change