Create a 5 page essay paper that discusses Cooperation or Hegemony.In the contemporary world, many people recognize that the United States has complete hegemonic control and dominance over the interna

Create a 5 page essay paper that discusses Cooperation or Hegemony.

In the contemporary world, many people recognize that the United States has complete hegemonic control and dominance over the international trade market. However, this is a large debate, surrounding this issue, which perhaps can never be resolved. Nevertheless, as Frieden, Lake and Broz (pp. 21) note, powerful states tend to have broader focus upon political power, aggregate national income, social stability and economic growth, which in some way affect the working of the international trade system. The same authors also establish the argument that before the First World War, much of power in the international domain lay at the hands of the British, but eventually United States sought that power after World War I (pp.28). Therefore, is it true to establish this idea that United States had hegemonic control on the international trade market? Or have different countries brought the system together, as a form of mutual cooperation? Has United States actually maintained stability in the market, because of its hegemonic control? The paper attempts to align with the idea of hegemonic control by the United States, which leads to generalized stability in the international market. As shown in the different figures, denoted in Frieden, Lake and Broz (p.28), the United States had always pursued a policy, which was favorable to its own development. Throughout the different periods in the 19th century, the United States had not opened itself to trade, and had adopted a number of protectionist policies. Once it had established itself as a proper economy, able to compete effectively in the international market, and in fact gain control, they showed willingness to trade, because it had achieved the four measures, which have a huge role in determining the degree of openness (the ones mentioned above). This definitely illustrates that the United States was seeking to become a dominant and hegemonic state, because it did not follow the trends that the other parts of the world were showing. The state-power argument also establishes this idea that while Britain had an open trading structure, and it was a nation, which had sufficient resources back in the 19th century, it was unable to compel the United States to follow the same policy. United States only opened itself to openness in trade when the ‘rising economic hegemony was able to exercise its influence” (pp.28). Additionally, even the Kennedy Rounds in the 1960s put forth the idea that the United States was going to take a huge initiative in stabilizing the world trade system, because previously it had not done so. The United States only took part in the international system, when it was stable enough to do so, and that was after the First World War, when Britain lost its importance to the country. Even after the Second World War, when the United States had completely gained control over the world, the country led the other allies to have a new system for international trade, something that had not been done before. While Ravenhill (pp. 144) puts forth the idea that it was because of mutual cooperation, subsequent interactions would prove otherwise, because when the United States did not take part in the agreements, they virtually collapsed, and led to no conclusion. One can also observe the workings of the international trade system, when the United States was not involved, or where it simply backed out.