“Following the collapse of the Soviet Union, the United States was indisputably left as the dominant political actor in the world today, playing an important role in determining the world order. The main question of Carla Norrlof’s book is how the US has maintained its privileged position within international systems for more than 60 years.
Norrlof analyses American hegemony through the lens of international cooperation theories with a special focus on trade and money in the international political economy framework. She believes that however inevitable the American decline is in the long run, a sufficient number of major and lesser powers currently have a strong interest in maintaining America’s hegemony. Also, the US has the largest domestic economy, the key world currency and the strongest military.”
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