Title: The Cost of Hegemony——American Hegemonic Decline Accounts for the American Financial Crisis
Abstract: In 2007,an unpredicated financial crisis had the world dumbfounded.Scholars have given explanations of all descriptions to its origin in different perspectives.This paper maintains that the outbreak of the current financial crisis originates from the decline of American hegemony,and in turn,the decline of American hegemony has been incarnated by the decline of the the abilities to sustain hegemony.This situation contradicts the American wishes to prolong its hegemony.The series of financial measures initiated and practiced by US in order to have the world share the cost of hegemony has eventually led to a far-reaching international financial crisis.Afterall,what the US has done boomerangs.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot