A01=Alison Bailin
Asian NICs
Author_Alison Bailin
Bonn Summit
Category=JPS
Core Periphery Gap
Core Periphery Structure
eq_bestseller
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
FDI Inflow
FDI Outflow
Foreign Investment Dependency
G7 Finance Ministers
G7 Members
Gold Dollar Standard
Great Power Collaboration
Great Power Interaction
Group Hegemon
Group Hegemony
IMF Board
IMF Fund
IMF Management
International Production Chains
Liberal Economic Order
Mexican Peso Crisis
post-World War Ii
Tariff Peaks
Versailles Summit
War Ii
World FDI Inflow
Product details
- ISBN 9781138356955
- Weight: 300g
- Dimensions: 152 x 229mm
- Publication Date: 28 Feb 2022
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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Developing a new theory of hegemony, called group hegemony, the author explains how a few wealthy countries maintain the liberal economic order and how this helps to sustain the economic disparity between the core and the periphery in the post-World War II era. The theory proposes that the G7 acts as a global government of last resort - a crisis manager - when other institutions prove inadequate to sustain the world order. The G7 also supplies resources, such as large markets, foreign investment, and funding for international institutions. These goods serve to entice the majority of countries to participate in and abide by the rules governing the world economic order without changing the systemic distribution of power. The volume develops a theoretical analysis of the G7's significance in international relations. It explains how the G7 countries collaborate to perpetuate the economic order and impart an institutional stability to an inequitable system.
Dr Alison Bailin is at the University of Toronto, Canada.
