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How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic … promote policy alignment and thereby facilitate deeper trade integration. A unipolar world, dominated by a single hegemon …, tends to support globalization. However, the transition to a multipolar world can trigger fragmentation, which is …
Persistent link: https://www.econbiz.de/10015419520
How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic … promote policy alignment and thereby facilitate deeper trade integration. A unipolar world, dominated by a single hegemon …, tends to support globalization. However, the transition to a multipolar world can trigger fragmentation, which is …
Persistent link: https://www.econbiz.de/10015420366
The rise of BRICs presents a major challenge to the existing global order. A second category of emerging powers, which may be labeled near-BRICs have also displayed increasing pro-activism in recent years in terms of influencing the regional balance of power politics, in addition to their...
Persistent link: https://www.econbiz.de/10013082371
Hegemonic powers, like the United States and China, exert influence on other countries by threatening the suspension or alteration of financial and trade relationships. Mechanisms that generate gains from integration, such as external economies of scale and specialization, also increase the...
Persistent link: https://www.econbiz.de/10015171710
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The Author interrogates the right to a peaceful world order (PWO) in the context of the Universal Declaration of Human …
Persistent link: https://www.econbiz.de/10014182490
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China's rise and the U.S. response to the perceived threat it represents to its predominance jeopardize the world order … the world evolves, the quota distribution needs to be adjusted. Adjustments in quota shares and thus voting powers have …
Persistent link: https://www.econbiz.de/10012249950