The Crisis of US-centric Globalization: Causes, Trends and Scenarios of Development

Traditionally the processes of globalization and the issues of world politics related to hegemony are studied separately in the scientific literature. In this article the authors propose the synthesis of both of these approaches based on the model of transactional and innovative economy spatially st...

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Autores principales:	A. A. Kasantzev, V. M. Sergeev
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2020
Materias:	globalization megacities "global gates" hegemony international conflicts International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/0f375262563243d48d9b1d3987ed0489
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spelling	oai:doaj.org-article:0f375262563243d48d9b1d3987ed04892021-11-23T14:50:42ZThe Crisis of US-centric Globalization: Causes, Trends and Scenarios of Development2071-81602541-909910.24833/2071-8160-2020-2-71-40-69https://doaj.org/article/0f375262563243d48d9b1d3987ed04892020-04-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1479https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Traditionally the processes of globalization and the issues of world politics related to hegemony are studied separately in the scientific literature. In this article the authors propose the synthesis of both of these approaches based on the model of transactional and innovative economy spatially structured as a system of “global gateways”. The globalization is conceived in the article as a process of reinforcement of network connections of different parts of the globe. The network is distributed unevenly around the world. The increase of globalization processes stimulates the strengthening of the network interactions and saturation of it with resources. The decline of the globalization we are witnessing at the moment results in the weakening of network relations. Spatial heterogeneity of globalization produces inequality in resource distribution on social as well as regional and country level. Due to this fact the system of global economy based on these gateways requires the stability of political institutes. In the 19th-20th centuries the system of maintenance of global stability (known in IR as hegemonic stability) was established. Increasing globalization provides the effective interaction between economic and political spheres. Declining globalization produces a gap between gateways’ demands for political stability and a hegemon’s ability to provide it. Recently the USA’s abilities as global hegemon have shrunk dramatically in relative terms as well as American electorate’s willingness to bear the costs of hegemony. Washington is unable to maintain stable functioning of “the rules of the game” neither separately, nor with its allies. This situation may be described as “the crisis of US-centric globalization”. The crisis of globalization relates to decline of international regimes, rise of uncertainty and conflicts on all levels of world politics. Presumably, it’s a long-term process. And at the end it may cause the establishment of new political form of economic globalization (e.g. transition to the model of hegemony of a group of superpowers, a scenario mostly close to generally accepted in Russia idea of multi-polar world), or emergence of a new hegemon (e.g. China).A. A. KasantzevV. M. SergeevMGIMO University Pressarticleglobalizationmegacities"global gates"hegemonyinternational conflictsInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 13, Iss 2, Pp 40-69 (2020)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	globalization megacities "global gates" hegemony international conflicts International relations JZ2-6530
spellingShingle	globalization megacities "global gates" hegemony international conflicts International relations JZ2-6530 A. A. Kasantzev V. M. Sergeev The Crisis of US-centric Globalization: Causes, Trends and Scenarios of Development
description	Traditionally the processes of globalization and the issues of world politics related to hegemony are studied separately in the scientific literature. In this article the authors propose the synthesis of both of these approaches based on the model of transactional and innovative economy spatially structured as a system of “global gateways”. The globalization is conceived in the article as a process of reinforcement of network connections of different parts of the globe. The network is distributed unevenly around the world. The increase of globalization processes stimulates the strengthening of the network interactions and saturation of it with resources. The decline of the globalization we are witnessing at the moment results in the weakening of network relations. Spatial heterogeneity of globalization produces inequality in resource distribution on social as well as regional and country level. Due to this fact the system of global economy based on these gateways requires the stability of political institutes. In the 19th-20th centuries the system of maintenance of global stability (known in IR as hegemonic stability) was established. Increasing globalization provides the effective interaction between economic and political spheres. Declining globalization produces a gap between gateways’ demands for political stability and a hegemon’s ability to provide it. Recently the USA’s abilities as global hegemon have shrunk dramatically in relative terms as well as American electorate’s willingness to bear the costs of hegemony. Washington is unable to maintain stable functioning of “the rules of the game” neither separately, nor with its allies. This situation may be described as “the crisis of US-centric globalization”. The crisis of globalization relates to decline of international regimes, rise of uncertainty and conflicts on all levels of world politics. Presumably, it’s a long-term process. And at the end it may cause the establishment of new political form of economic globalization (e.g. transition to the model of hegemony of a group of superpowers, a scenario mostly close to generally accepted in Russia idea of multi-polar world), or emergence of a new hegemon (e.g. China).
format	article
author	A. A. Kasantzev V. M. Sergeev
author_facet	A. A. Kasantzev V. M. Sergeev
author_sort	A. A. Kasantzev
title	The Crisis of US-centric Globalization: Causes, Trends and Scenarios of Development
title_short	The Crisis of US-centric Globalization: Causes, Trends and Scenarios of Development
title_full	The Crisis of US-centric Globalization: Causes, Trends and Scenarios of Development
title_fullStr	The Crisis of US-centric Globalization: Causes, Trends and Scenarios of Development
title_full_unstemmed	The Crisis of US-centric Globalization: Causes, Trends and Scenarios of Development
title_sort	crisis of us-centric globalization: causes, trends and scenarios of development
publisher	MGIMO University Press
publishDate	2020
url	https://doaj.org/article/0f375262563243d48d9b1d3987ed0489
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The Crisis of US-centric Globalization: Causes, Trends and Scenarios of Development

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