Still the Liberal Leader? Domestic Legacies, International Realities, and the Role of the United States in the World Economy

  • Michael Mastanduno
Part of the Asia Today book series (ASIAT)


The economic policies of major powers are critical to world order. The experiences of the 1930s taught that international economic relations are not merely “low politics,” but have a profound impact on great power relations and international stability. In that dark decade, economic scarcity and conflicts led to political extremism and eventually war, as enemies in the marketplace became enemies on the battlefield. Fortunately, the prospects of great power war are remote in the current international system. Economic policies are nevertheless critical determinants of national and global prosperity, and have significant impact on the potential for great power cooperation as opposed to conflict.


Free Trade Trade Policy Executive Branch Advanced Industrial Country Multilateral Trading System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© G. John Ikenberry, Wang Jisi, and Zhu Feng 2015

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  • Michael Mastanduno

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