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Vigorous debates swirl around issues of globalization, as global political economic relations in a nation-state system are complex and incompletely understood phenomena. The experiences of the late 1800's and first half of the twentieth century suggest that globalization requires nurturing to ensure that societies garner the advantages offered by globalization and manage the risks and fears unleashed by such dramatic transformation in social affairs.

Featuring contributions by experts from a variety of disciplinary backgrounds including economics, political science and law,...

With American leadership facing increased competition from China and India, the question of how hegemons emerge "and are able to create conditions for lasting "stability is of utmost importance in international relations. The generally accepted wisdom is that liberal superpowers, with economies based on capitalist principles, are best able to develop systems conducive to the health of the global economy.In "Birth of Hegemony, "Andrew C. Sobel draws attention to the critical role played by finance in the emergence of these liberal hegemons. He argues that a hegemon must have both the...

With American leadership facing increased competition from China and India, the question of how hegemons emerge "and are able to create conditions for lasting "stability is of utmost importance in international relations. The generally accepted wisdom is that liberal superpowers, with economies based on capitalist principles, are best able to develop systems conducive to the health of the global economy.In "Birth of Hegemony, "Andrew C. Sobel draws attention to the critical role played by finance in the emergence of these liberal hegemons. He argues that a hegemon must have both the...