Power and decline in the British and American hegemonies: a Wallersteinian analysis

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2006

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Koçak, Yunus Emre

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The concept of hegemony has been an important subject in the 1970s as the US hegemonic position has entered into a decline period. This study aims to underline that the ongoing decline of US hegemony shares substantial analogies with the decline of British hegemony in the late 19th century. As the hegemonic economy enters into contraction period, it starts to experience financial expansion. Today, the US hegemony is in the midst of such an orientation toward the financialization. The study analyzes the historical changes within both hegemonic cases by direct references to the world-system theory and construct a comparative perspective in production, commerce and finance domains respectively to support these arguments.

Subject Keywords

General Social Sciences.

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http://etd.lib.metu.edu.tr/upload/12607960/index.pdf
https://hdl.handle.net/11511/16169

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Graduate School of Social Sciences, Thesis

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Citation Formats

Y. E. Koçak, “Power and decline in the British and American hegemonies: a Wallersteinian analysis,” M.S. - Master of Science, Middle East Technical University, 2006.