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Are we in a period of late, capitalism under the West?

Are we witnessing its decline? What are the implications for the transformation of global social relations and international politics?

RELATED ARTICLESExplain
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Themes & Theories in International Relations
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5. Capitalism. energy, exploitation
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B. World Systems Theory
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C. Hegemony
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Are we in a period of late, capitalism under the West?
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All hegemonic world systems rise and fall: the system changes
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Concept of hegemony = central role in capitalist world-system theory
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Defined as the dominance (not control) over key sources of int. power
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Hegemony does not = empire. Empire = direct rule, diktat, force
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Nye: hegemony = preponderance of power, not dominance
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Rise & fall of hegemon = stability to maximise accumulation of capital
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