Routledge - From Traditional to Group Hegemony Book

Explore the complexities of global power dynamics with this academic work from Routledge. The book introduces a new theory of hegemony known as group hegemony to explain how a small number of wealthy nations maintain the liberal economic order. It examines the mechanisms used to sustain economic disparity between the core and the periphery in the era following World War II. Readers will learn how the G7 functions as a global government of last resort. When existing institutions fail to support the world order, the G7 steps in as a crisis manager to stabilize the system. The text details how the G7 provides essential resources, including large markets, foreign investment, and necessary funding for international institutions. This study provides a deep look into how these resources work to influence and entice the majority of countries within the global economy.