Global Governance And Transnationalizing Capitalist Hegemony

This book is a critique of claims regarding how emerging economies are supposedly rewriting the rules of global governance and ushering in alternative models to neoliberal orthodoxy. It argues that such assumptions are abstractions that ignore both the transnationalizing nature of the global political economy and the actual policy goals of the ruling classes within most emerging economies. Considering the larger issues behind the emerging economies (or powers) debate, the book deploys an adapted global capitalism perspective with insights from Gramsci, Poulantzas and Cox, to argue that the transnational nature of the global political economy and the actual policy goals of the dominant elites within most emerging economies merge to undermine any transformative element. Far from challenging the global order, these ostensible new rivals in fact seek to integrate their economies more and more within the existing liberal global economy. Inter-state dynamics and even inter-elite tensions exist and it is clear that the nation state has not simply become a transmission belt for global capital, but equally we must move beyond the surface phenomena that are most visible in global tensions to get at the underlying essence of social and class forces in the global political economy. Looking at the largest emerging powers, such as Brazil, Russia, India and China, Taylor explains why the emerging powers’ elites, although essentially subscribing to neoliberalism (in all its variegated forms) may confront the core in a myriad of ways, but that these are not challenges to the ongoing world order and, in fact, the so-called emerging powers serve a legitimizing function for the extant global system. The book will be of great use to graduates and scholars of International Relations, Global/International Political Economy and International Development.

Introduction to global governance -- a key aspect of globalisation studies -- presenting a critical approach.

This book is a critique of claims regarding how emerging economies are supposedly rewriting the rules of global governance and ushering in alternative models to neoliberal orthodoxy. It argues that such assumptions are abstractions that ignore both the transnationalizing nature of the global political economy and the actual policy goals of the ruling classes within most emerging economies. Considering the larger issues behind the emerging economies (or powers) debate, the book deploys an adapted global capitalism perspective with insights from Gramsci, Poulantzas and Cox, to argue that the transnational nature of the global political economy and the actual policy goals of the dominant elites within most emerging economies merge to undermine any transformative element. Far from challenging the global order, these ostensible new rivals in fact seek to integrate their economies more and more within the existing liberal global economy. Inter-state dynamics and even inter-elite tensions exist and it is clear that the nation state has not simply become a transmission belt for global capital, but equally we must move beyond the surface phenomena that are most visible in global tensions to get at the underlying essence of social and class forces in the global political economy. Looking at the largest emerging powers, such as Brazil, Russia, India and China, Taylor explains why the emerging powers’ elites, although essentially subscribing to neoliberalism (in all its variegated forms) may confront the core in a myriad of ways, but that these are not challenges to the ongoing world order and, in fact, the so-called emerging powers serve a legitimizing function for the extant global system. The book will be of great use to graduates and scholars of International Relations, Global/International Political Economy and International Development.

Hegemony and World Order explores a key question for our tumultuous times of multiple global crises. Does hegemony – that is, legitimated rule by dominant power – have a role in ordering world politics of the twenty-first century? If so, what form does that hegemony take: does it lie with a leading state or with some other force? How does contemporary world hegemony operate: what tools does it use and what outcomes does it bring? This volume addresses these questions by assembling perspectives from various regions across the world, including Canada, Central Asia, China, Europe, India, Russia and the USA. The contributions in this book span diverse theoretical perspectives from realism to postcolonialism, as well as multiple issue areas such as finance, the Internet, migration and warfare. By exploring the role of non-state actors, transnational networks, and norms, this collection covers various standpoints and moves beyond traditional concepts of state-based hierarches centred on material power. The result is a wealth of novel insights on today's changing dynamics of world politics. Hegemony and World Order is critical reading for policymakers and advanced students of International Relations, Global Governance, Development, and International Political Economy.

More than 15 years have passed since the end of the Cold War, but uncertainty persists in the political-economic shaping of the world economy and state system. Although many countries have institutionalized neoliberal policies since the mid-1970s, these policies have not taken hold to the same degree, nor have their effects been uniform across all countries. Nevertheless there has been widespread deepening of inequalities, and, therefore, scepticism towards the neoliberal project. Uncertainty prevails not only in the relations between states, but also in the relations between forces of capital, citizens, and political power within states. Moreover, there is conceptual confusion in our understanding of the events and processes of neoliberal global transformation. This collection of essays provides a comprehensive theoretical and empirical examination of neoliberal restructuring as a complex political process. In an effort to penetrate and clarify this complexity, the book explores the connections between the economy, state, society, and citizens, while also offering current examples of resistance to neoliberalism. The book provides a forum for rethinking politics that represents a turn to societal forces as essential not only to the uncovering of this complexity but also to the formulation of democratic possibilities beyond global hegemonic projects. The book does not seek to produce a new model for social change, nor does it dwell on the spatial aspects of modernity's new form or the emergence of a new state hegemony (China) or new forms of rule (empire) in managing the world capitalist economy. Instead, the book argues that an understanding of hegemonic transformations requires the problematization of global power as embedded in historically specific social relations.

The crisis of Northern capitalism and failure of hegemonic global governance have created a facilitative environment for post-hegemonic initiatives promoting South–South cooperation. Major Southern countries – especially the BRICS – have taken the lead in pushing for alternative governance mechanisms that are strongly articulated in the areas of economic, financial, cultural, and defense cooperation. This book focuses on the historical, political-economic, and geopolitical context in which major Southern countries implement a post-hegemonic agenda. Providing a global and comprehensive perspective through a series of focused case studies from Europe, Latin America, Eurasia, and Africa, the author develops a new approach to the multipolarization of world politics based on "global hegemony". Highly recommended for scholars, students, and activists involved in global political economy, regionalism studies, and international development, this book will be of interest to anyone seeking to develop their understanding of world politics and South–South cooperation.

Globalization and Capitalist Geopolitics is concerned with the nature of corporate power against the backdrop of the decline of the West and the struggle by non-western states to challenge and overcome domination of the rest of the world by the West. This book argues that although the US continues to preside over a quasi-imperial system of power based on global military preponderance and financial statecraft, and remains reluctant to recognize the realities global economic convergence, the age of imperial state hegemony is giving way to a new international order characterized by capitalist sovereignty and competition between regional and transnational concentrations of economic power. This title seeks to interrogate the structure of world order by examining leading approaches to globalization and political economy in international relations and international political economy. Breaking with the classical school, Woodley argues that geopolitics should be understood as a transnational strategic practice employed by powerful state actors, which mirrors predatory corporate rivalry for control over global resources and markets, reproducing the structural conditions for corporate power through the transnational state form of capital. In a period of increasing geopolitical insecurity and economic instability this title provides an authoritative yet accessible commentary on debates on capitalism and globalization in the wake of the financial crisis. It is valuable resource for students and scholars seeking to develop a deeper understanding of the historical determinants of the changing dynamics of neoliberal capitalism and their implications for world order.

Like many buzzwords, "global governance" is poorly understood. In contrast to most mainstream accounts, this book examines global economic governance as an integral moment of contemporary capitalism. Susanne Soederberg presents a critical insight into its real nature and the interests that it serves. This book begins by asking what has not been discussed in the mainstream debates--and why. Soederberg explores neglected issues including transnational debt and the coercive nature of US aid to "failed states." Soederberg argues that mainstream understandings fail to engage with the wider contradictions that characterize global capitalism. In consequence, there is no explanation of the changing nature of American empire and capitalist power. Furthermore, Soederberg maintains that global governance acts to normalize increasingly austere forms of capitalist expansion.