Ruling the World
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A01=Lloyd Gruber
After Hegemony
Aftermath of World War II
Anti-Federalism
Articles of Confederation
Author_Lloyd Gruber
Bribery
Category=JPA
Category=JPS
Central bank
Comparative advantage
Consideration
Currency
Currency war
Daniel Trefler
Defection
Deutsche Bundesbank
Devaluation
Disenchantment
Economic liberalization
Economics
Empire-building
eq_bestseller
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
European Monetary System
Exchange rate
Export subsidy
Externality
Foreign direct investment
Free trade
Generalized System of Preferences
Governance
Hegemonic stability theory
Imperialism
Infant industry
Inflation
Institution
Interest rate
International relations
International Trade Organization
Isolationism
Jean-Marie Le Pen
John Mearsheimer
Left-wing politics
Liberalization
Loony left
Member state
Monetary policy
Multilateralism
Neoliberalism
Nontariff Barrier
North American Free Trade Agreement
Plaza Accord
Politique
Power politics
Protectionism
Provision (accounting)
Public expenditure
Ratification
Recession
Right-wing politics
Safeguard
Speculation
Subsidy
Tariff
Tax
Theory of International Politics
Trade barrier
Trade diversion
Trade war
Treaty
Unemployment
United States
Voting
West Germany
World Trade Organization
Product details
- ISBN 9780691010410
- Weight: 482g
- Dimensions: 152 x 235mm
- Publication Date: 09 Apr 2000
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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The last few decades have witnessed an extraordinary transfer of policy-making prerogatives from individual nation-states to supranational institutions. If you think this is cause for celebration, you are not alone. Within the academic community (and not only among students of international cooperation), the notion that political institutions are mutually beneficial--that they would never come into existence, much less grow in size and assertiveness, were they not "Pareto-improving"--is today's conventional wisdom. But is it true? In this richly detailed and strikingly original study, Lloyd Gruber suggests that this emphasis on cooperation's positive-sum consequences may be leading scholars of international relations down the wrong theoretical path. The fact that membership in a cooperative arrangement is voluntary, Gruber argues, does not mean that it works to everyone's advantage. To the contrary, some cooperators may incur substantial losses relative to the original, non-cooperative status quo. So what, then, keeps these participants from withdrawing?
Gruber's answer, in a word, is power--specifically the "go-it-alone power" exercised by the regime's beneficiaries, many of whom would continue to benefit even if their partners, the losers, were to opt out. To lend support to this thesis, Gruber takes a fresh look at the political origins and structures of European Monetary Unification and NAFTA. But the theoretical arguments elaborated in Ruling the World extend well beyond money and trade, touching upon issues of long-standing interest to students of security cooperation, environmental politics, nation-building--even political philosophy. Bold and compelling, this book will appeal to anyone interested in understanding how "power politics" really operates and why, for better or worse, it is fueling much of the supranational activity we see today.
Lloyd Gruber is an Assistant Professor in the Harris School of Public Policy Studies at the University of Chicago.
