The Brief History Of American Postwar Hegemonic Financial Diplomacy

Financial diplomacy means sovereign countries deal with international monetary relations and affairs in a peaceful way. Hegemonism means the policy or practice of a nation in aggressively expanding its influence over other countries without respecting other countries'sovereignty independence. Hegemonic financial diplomacy means in one aspect a country uses diplomacy means to seek international monetary hegemony; in the other aspect a country uses international financial, monetary means and system to control, interfere, and even rule other sovereign countries to pursue hegemonic interests..After WWII, the United States set up its international monetary hegemony-----the Breton Woods monetary system. To build and maintain the international monetary hegemony, the United States carry out the hegemonic financial diplomacy.The American international monetary hegemony could be divided into three stages: from 1941 to 1971, the emerging and setting up stage; from 1971 to 1991, the declining and maintaining stage; from 1991 up to now, the neo-hegemonism stage. Through the Breton Woods Monetary system, the U.S dollar and Japanese Yen negotiation, manipulating the IMF to provide financial aid to Asian countries with severe political terms, the United States pose its hegemonic system and value onto other countries, on the purpose of control, interfere, even rule other sovereign countries and seeking hegemonic interests.