|
 |
|
|
 |
|
|
| Topics: | Aid Effectiveness, Governance & Civil Society, Transparency & Accountability, Anti-Corruption, Informal Sector, Governance Measures, Fragile States, Development Indicators, Empowering Civil Society, Economic & Institutional Analysis, Democratic & Participatory Institutions, Decentralization |
|
|
|
|
|
|
|
|
|
|
|
A Simple Analytic of a Selfish Hegemon
Working paper
Koichi Hamada
August 1995 |
| |
|
The concept of hegemonic stability (Kindleberger, Gilpin) rests on the assumption that a leader country of the world behaves benevolently to achieve the best state in the world. The leader country, or the hegemon, is supposed to provide a sufficient amount of public goods and build a proper infrastructure such as international law and international organizations.
Kindleberger attributes the main cause of the international disaster in the great depression to the lack of a leader country who could provide flow of capital to needed countries and serve as a lender of last resort. At least, for a quarter century after World War II, the United States played the role of a leader so that growth, international trade and investment flourished, and the monetary stability of the Bretton Woods regime was sustained. |
| |
| Last updated on: 12/15/2006 |
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
|
|
|