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Although many international political economy texts offer good descriptions of what events have occurred in global economic and political relations, they make little attempt to develop explicit theoretical frameworks explaining why. Andrew SobelÆs International Political Economy in Context: Individual Choices, Global Effects takes a micro approach to international political economy that considers the fact that individualsùnot nationsùmake choi...

With American leadership facing increased competition from China and India, the question of how hegemons emerge - and are able to create conditions for lasting stability - is of utmost importance in international relations. The author draws attention to the critical role played by finance in the emergence of these liberal hegemons.

With American leadership facing increased competition from China and India, the question of how hegemons emerge - and are able to create conditions for lasting stability - is of utmost importance in international relations. The author draws attention to the critical role played by finance in the emergence of these liberal hegemons.