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The Economic Consequences of a Declining Hegemon

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  • Hamada, K

Abstract

This paper is an attempt to review the concepts of "international public goods" and "hegemony" from the stand point of an economist. It focuses on the incentive structure that a large country or hegemon as well as other countries face in order to make a collective decision. It is misleading, I will argue, to treat many different situations in a single framework of "public goods" or "hegemony". The benefit-cost structure for nations in the trade liberalization process or trade conflicts is different from that in the international monetary cooperation or in the choice of the international monetary regime.

Suggested Citation

  • Hamada, K, 1996. "The Economic Consequences of a Declining Hegemon," Papers 756, Yale - Economic Growth Center.
  • Handle: RePEc:fth:yalegr:756
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    More about this item

    Keywords

    PUBLIC GOODS; SOCIAL CHOICE; INTERNATIONAL TRADE;

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • D79 - Microeconomics - - Analysis of Collective Decision-Making - - - Other
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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