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Wealthy Nations Industrialized World Developed World North
Leadership Matters
Pre-requisites for Economic Hegemony
Dominant economy Political will to exert leadership
Hegemonic Stability Theory
Economic Hegemony in History
1815-1914: British Hegemony 1914-1918: Hegemonic War 1919-1939: No hegemon 1939-1945: WW II 1945-present?: US Hegemony
British Hegemonic SuccessGrowth of Railways in Europe 19th Century
(length in km)
http://images.google.com/imgres?imgurl=http://www.fordham.edu/halsall/mod/table6b.gif&imgrefurl=http://www.fordham.edu/halsall/mod/indrev6.html&h=423&w=642&sz=11&hl=en&start=4&um=1&tbnid=R39topcPykB2kM:&tbnh=90&tbnw=137&prev=/images%3Fq%3DEuropean%2Brailroads%2B19th%2Bcentury%2Bimages%26svnum%3D10%26um%3D1%26hl%3Den
British Hegemonic Success Cotton
When there is no economic leadership? (After WW I)
US GNP per capita
When there is no economic leadership?
US Liberal Hegemony1945
John Maynard FDRTruman
Keynes
US Liberal System
1. Bretton Woods Monetary System
2. General Agreement on Tariffs and Trade (GATT)1. World Trade Organization (WTO)
3. International Monetary Fund (IMF)
4. World Bank
Bretton Woods System
Gold Standard Floating Exchange Rates
GATT/WTO
WTO
IMF
International Monetary Fund
Trade
Debt Already getting debt relief with conditions: Benin,
Bolivia, Burkina Faso, Cameroon, Ethiopia, Ghana, Guyana, Honduras, Madagascar, Malawi, Mali, Mauritania, Mozambique, Nicaragua, Niger, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Tanzania, Uganda, and Zambia.
Receiving debt relief and deciding on conditions: Afghanistan, Burundi, Chad, the Democratic Republic of the Congo, the Republic of Congo, the Gambia, Guinea, Guinea-Bissau, and Haiti.
Eligible for debt relief: Central African Republic, Comoros, Côte d’Ivoire, Eritrea, the Kyrgyz Republic, Liberia, Nepal, Somalia, Sudan, and Togo.
Source: World Bank Other Debt Statistics
World Bank