While contemporary academia has successfully exposed the negative effects of power - wars, expansionism, ideological impositions, exportation of domestic economic constraints - less attention is paid to the legitimacy of power exercised exclusionarily to reward only allies, even if not aggressively aimed to harm others. This book explores the exclusionary dimensions of the postwar liberal economic system created under US hegemonic leadership, limitations which deny the US-led postwar economic liberalism legitimacy as a public good and undermined its efficacy.