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ID:
180464
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| Summary/Abstract |
The China–US financial contention or confrontation comes to the fore, given the pivotal role of finance in the international system and the current international order transition. Will there be destructive conflicts or a Thucydides Trap in China–US financial relations? By adopting a power analysis framework, the China–US financial contention is observed from four types of international financial power: structural, relational, institutional and ideational. The competition for these powers results in reform divergence of global financial governance and thus international financial insecurity. The contention and consequent insecurity, however, do not necessarily mean an inevitable ‘Thucydides Trap’ in China–US financial relations. Elaborated and issue-specific ways of management could alleviate the contention, including shunning RMB-USD strategic confrontation, refraining from a debt weapon and aggressive imbalance adjustment, enhancing the legitimacy of international financial institutions and avoiding a new Cold War.
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| 2 |
ID:
188631
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| Summary/Abstract |
In reaction to numerous international disputes, crises, and wars, trust in the strength of the written law in the relations amongst European countries began to weaken before the mid-nineteenth century. One reaction to this gradual loss of faith in international justice was the rise of the power-oriented nationalist movements in Germany and Italy advocating not only national unity but also the creation of strong national armed forces and defensible frontiers. This response to international insecurity also contained the seeds of imperialist and colonial aspirations during the 1840s in both disunited Germany and Italy. It was for this reason that the growth of Italian nationalism during that decade remained closely connected with colonial ambitions. A colonial policy would bring Italians additional material strength to enable them to achieve a sufficiently strong and therefore safer place in a world seen as increasingly predatory.
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