Hegemonic Globalization” joint with Fernando Broner, Josefin Meyer y Chr istoph Trebesch
Abstract:
What is the relationship between hegemonic power and g lobalization? We develop a theoretical framework in which countries have he terogeneous preferences over political “actions”, such as the type of gover nment (democracy vs. autocracy), industry standards, or regulation. Trade b etween any two countries increases in the similarity of their actions. The presence of a “hegemon,” i.e., a large economy, prompts alignment in action s and facilitates the transition to a globalized world. In contrast, the sh ift to a multipolar world may cause an unraveling of globalization, which m ay benefit some countries and harm others. We test the theory’s main predic tion on a novel dataset on the near-universe of international treaties, 180 0-2020. Our “Global Treaties Database” contains 6,000 multilateral and 68,0 00 bilateral agreements – a unique new resource for studying international coopera- tion. In line with the theory, we find that hegemons drive a dispr oportionate share of treaty-signing, that treaty-signing is significantly c orrelated with international trade, and that countries that sign treaties w ith a hegemon trade more, not just with the hegemon, but also with other co untries that are aligned with the hegemon.
DTSTAMP:20260421T102203Z DTSTART:20241205T163000Z DTEND:20241205T180000Z SEQUENCE:0 TRANSP:OPAQUE END:VEVENT END:VCALENDAR