| Summary/Abstract |
This paper, which appeared in The International Spectator in January 1984, previewed many of the themes of my book, After Hegemony: Cooperation and Discord in the World Political Economy.1 I argued that the US had lost its hegemonic position in the world political economy: the ability to make and enforce the rules. Furthermore, its “egoism” would lead it to be less willing to invest in leadership or influence. Nevertheless, I argued, it was possible for cooperation to persist without hegemony – a major theme of my book, in response to others who argued that the collapse of American hegemony would usher in a new era of conflict.
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