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Beyond the age of hegemony

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  • Jeffrey Sachs

Abstract

This paper delves into the origins of modern conflicts amidst the waning dominance of the Western world, particularly the United States. It argues that contemporary tensions stem from this power shift, driven by technological advances and economic convergence. Advocating for a transition to multipolarity and multilateralism, this paper emphasizes the drawbacks of the continued US quest for hegemony and the benefits of global cooperation. It envisions a future characterized by peace and shared development, underpinned by international collaboration and respect for diversity.

Suggested Citation

  • Jeffrey Sachs, 2024. "Beyond the age of hegemony," Review of Keynesian Economics, Edward Elgar Publishing, vol. 12(3), pages 278-283, August.
  • Handle: RePEc:elg:rokejn:v:12:y:2024:i:3:p278-283
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    More about this item

    Keywords

    Hegemony; Multipolarity; Geopolitics; International relations; Globalization;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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