America’s Liberal Hegemony: Rebuilding the World, East Asian, and Japanese Political Economies: Responsibilities, Dilemmas, and Costs
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.
KeywordsBurner Depression Europe Petroleum Shipping
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