Hegemonic System And Economic Growth

It is generally assumed that the post-war capitalism system is regarded as atypical hegemonic system in the circle of intemational political economics.In thissystem,the Unite States win its hegemonic position with overwhelming political,economic and military superiority.By establishing Bretton Woods System,US supplythe world with scarce international Public goods such as stable intemational monetarysystem,open and free intemational trade principle,intemational safety,aid to othercountries,etc.,thus bringing about stability to the world.This is just the coreargument of Hegemonic stability theory with Charles E Kindleberger and RobertGilpin as its representatives. After the cold war,the intemational system and relations changed tremendouslyand the hegemonic system confronted with challenges from inside to outside.As thediplomatic antagonistic relationship became increasingly vague and US lost itsoverwhelming economic superiority,disequilibrium emerges between its willing andcompetence to maintain its hegemonic system,which is typically reflected by ClintonGovernment's decreasing promise in the field of intemational safety and decreasingsupply in the field of intemational free trade,Clinton's foreign trade policy during hiseight year's presidency is well—known for Multi-track strategy carried out in anall-round way aiming at accelerating the economic development and regaining US'hegemonic position.Guided by this principle,the fundamental function of hegemonicsystem is not yet to supply international public goods but to accelerate the economicdevelopment.At the same time,the economic development can also become a kind ofpower to regain its hegemonic position.As a result,an interactive relationshipbetween hegemonic system and economic development shaped up.Aiming at findingmore sufficient theoretical basis for the intemational cooperation after the break-downof hegemonic system.this article tries to reveal the inter-relationship betweenhegemonic system and economic development and query the validity of originaltheory of Hegemonic stability theory,by researching Clinton's governnaent's foreigntrade policy. The words of this article amount to 240.000.The main body is divided into eightchapters and 28 sections.The last chapter is a conclusion.The following are the topicsand main ideas of each chapter. The first chapter is entitled"Analysis paradigm of American trade policy:system,society and nation."It analyses the three theoretical models,namely system,societyand nation.which is a long-term guiding principle for the American academic circlesto research American trade policy in the perspective of international politicaleconomics.The system paradigm including intemational norms emphasizesimportance to power distribution of difierent levels,chances of foreign trade and atthe meantime pays attention to the influences and restriction played on the nationaltrade policy by systematic variables.The nation paradigm holds that foreign economicpolicy is highly restricted not only by deep—rooted national system but also by thegovernment's competence to realize various aims influenced by national andintemational factors.This method pays close attention to the research into nationalsystematic structure and influential officials'strategies to administer the country.Thesociety paradigm assumes that American trade policy reflects the opinions and desiresof dominant classes and groups.or comes out of struggles between different groupsand parties to scramble for power and profit.This method considers foreign economicpolicy as one of the functions of national politics. The second chapter is entitled"nested-1evel games of trade policy:President,Congress and political parties".This chapter stresses the discussion of powerdistribution basing on the Constitution in the process of American trade strategicdecision.The American Constitution stipulates that the President and Congress sharethe strategic deciding power to makin...