Tracing the Transformation of the US’s Hegemonic Paradigm in the Historical Process: From Embedded Liberalism to Disembedded Financial Liberalism

Authors : Betül SARI AKSAKAL

Pages : 17-40

Doi:10.17494/ogusbd.1200653

View : 34 | Download : 7

Publication Date : 2023-03-29

Article Type : Research Paper

Abstract :The emergence of the United States insert ignore into journalissuearticles values(US); as the worldwide dominant power is an affair that needs to be investigated in light of some historical experiences. Afterward the Second World War, the US reestablished the world’s deteriorating international monetary and financial system. Embedded liberalism reinforced and stabilized the US hegemony insert ignore into journalissuearticles values(as the form of economic, political, and institutional organization); by generating the requirements for consolidating the global economy in which the US takes a leading role. From the mid-1970s, after integrating the world economy into an accumulation regime characterized by finance capital-as, a natural consequence of the transition to neoliberal policies-it was understood that fragmented financial liberalism began to show its effect as a new strategy that would ensure the continuity of the US hegemony. The study has departed from the problematic of elucidating the change in the hegemonic strategy of the US from its birth to the present day. In this problematic context, the shift of the US hegemonic strategy from embedded liberalism to disembedded financial liberalism and the central dynamics determining this shift is examined in the axis of historical perspective.
Keywords : Amerikan hegemonyası, gömülü liberalizm, Soğuk Savaş, parçalanmış finansal liberalizm, finansal krizler

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