America’s Liberal Hegemony: Rebuilding the World, East Asian, and Japanese Political Economies: Responsibilities, Dilemmas, and Costs

  • William R. Nester


In 1945, with predominant, uncontested global military and economic power, the United States possessed all the prerequisites for hegemony over the world political economy. No other great power could contest American hegemony: Germany, Japan and Italy had been devastated by defeat; Britain, France and the Soviet Union by victory. America was the only industrial country which emerged from the Second World War with its power not only intact but enhanced.


World Economy American Policy Japanese Export Japanese Trade Japanese Import 
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Copyright information

© William R. Nester 1990

Authors and Affiliations

  • William R. Nester
    • 1
  1. 1.School of Oriental and African StudiesUniversity of LondonUK

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