Edited by Thomas Oatley and W. Kindred Winecoff
Chapter 2: Financial roots of hegemony, cooperation, and globalization
The international economic and monetary system needs leadership, a country that is prepared, consciously or unconsciously, under some system of rules that it has internalized, to set the standards of conduct for other countries and to seek to get others to follow them, to take on an undue share of the burdens of the system, and in particular to take on its support in adversity by accepting its redundant commodities, maintaining a flow of investment capital, and discounting its paper. (Charles P. Kindleberger 1986, 11)
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