How does the decline of the hegemon--the dominant, rule-making power of the international system--affect middle-level nations? By examining monetary and credit policy in postwar France, Michael Loriaux illuminates this question, tracing the relationship of domestic economic reform to specific changes in the international political economy which have resulted from U.S. hegemonic decline.

This book is a comprehensive study of cooperation among the advanced capitalist countries. Can cooperation persist without the dominance of a single power, such as the United States after World War II? To answer this pressing question, Robert Keohane analyzes the institutions, or "international regimes," through which cooperation has taken place in the world political economy and describes the evolution of these regimes as American hegemony has eroded. Refuting the idea that the decline of hegemony makes cooperation impossible, he views international regimes not as weak substitutes for world government but as devices for facilitating decentralized cooperation among egoistic actors. In the preface the author addresses the issue of cooperation after the end of the Soviet empire and with the renewed dominance of the United States, in security matters, as well as recent scholarship on cooperation.

A New York Review Books Original During the eighteenth century, from the death of Louis XIV until the Revolution, French culture set the standard for all of Europe. In Sweden, Austria, Italy, Spain, England, Russia, and Germany, among kings and queens, diplomats, military leaders, writers, aristocrats, and artists, French was the universal language of politics and intellectual life. In When the World Spoke French, Marc Fumaroli presents a gallery of portraits of Europeans and Americans who conversed and corresponded in French, along with excerpts from their letters or other writings. These men and women, despite their differences, were all irresistibly attracted to the ideal of human happiness inspired by the Enlightenment, whose capital was Paris and whose king was Voltaire. Whether they were in Paris or far away, speaking French connected them in spirit with all those who desired to emulate Parisian tastes, style of life, and social pleasures. Their stories are testaments to the appeal of that famous “sweetness of life” nourished by France and its language.

This book assesses the changing nature of state intervention in the economies of the affluent democracies. Against a widespread understanding that contemporary developments, such as globalization and new technologies, are pressing for a rollback of state regulation in the economy, the book shows that these same forces are also creating new demands and opportunities for state intervention. Thus, state activism has shifted, rather than simply eroded. State authorities have shifted from a market-steering orientation to a market-supporting one. Chief among the new state missions are: repairing the main varieties of capitalism (liberal, corporatist, and statist); making labor markets and systems of social protection more employment-friendly; recasting regulatory frameworks to permit countries to cross major economic and technological divides; and expanding market competition at home and abroad. Because the changes from market steering to market support are so controversial and far-reaching, state officials often find themselves making choices that produce clear winners and losers. Such choices require a capacity to act unilaterally and decisively, even in the face of substantial societal opposition. As a result, state activism, autonomy, and occasionally imposition remain essential for meeting the challenges of today's globalizing economy.

Public diplomacy, neglected following the end of the Cold War, is once again a central tool of American foreign policy. This book, examining as it does the Marshall Plan as the form of public diplomacy of the United States in France after World War Two, offers a timely historical case study. Current debates about globalization and a possible revival of the Marshall Plan resemble the debates about Americanization that occurred in France over fifty years ago. Relations between France and the United States are often tense despite their shared history and cultural ties, reflecting the general fear and disgust and attraction of America and Americanization. The period covered in this book offers a good example: the French Government begrudgingly accepted American hegemony even though anti-Americanism was widespread among the French population, which American public diplomacy tried to overcome with various cultural and economic activities examined by the author. In many cases French society proved resistant to Americanization, and it is questionable whether public diplomacy actually accomplished what its advocates had promised. Nevertheless, by the 1950s the United States had established a strong cultural presence in France that included Hollywood, Reader’s Digest, and American-style hotels.

At least since the French Revolution, France has the peculair distinction of simultaneously fascinating, charming and exasperating its neighbours and foreign observers. Contemporary France provides an essential introduction for students of French politics and society, exploring contemporary developments while placing them in a deeper historical, intellectual, cultural and social context that makes for insightful analysis. Thus, chapters on France's economic policy and welfare state, its foreign and European policies and its political movements and recent institutional developments are informed by an analysis of the country's unique political and institutional traditions, distinct forms of nationalism and citizenship, dynamic intellectual life and recent social trends. Summaries of key political, economic and social movements and events are displayed as exhibits.

This timely volume traces the political, financial, and economicsteps toward financial union in Europe, focusing on the politicaleconomy of the process--notably the dynamics of a Europe ofsovereign states. Few aspects of the great European integration project have been as difficult and fraught with political conflict as the creation of a single financial market and monetary union. It is clear, however, that monetary union and financial integration are now on the front-burner in Europe, and will remain so until at least the year 2000. This timely volume traces the political, financial, and economic steps toward financial union in Europe, focusing on the political economy of the process--notably the dynamics of a Europe of sovereign states. It is the first integrated view of the issue, combining political, economic, and financial perspectives. Authoritative, comprehensive, and accessible, the volume is essential reading for students, researchers, policy makers, journalists, and anyone who needs to know about financial integration in Europe.