Partial Hegemony - Paperback - Jeff D. Colgan - Oxford University Presshttps://global.oup.com/academic/product/partial-hegemony-9780197546383?q=colgan&lang=en&cc=usThe greatest peaceful transfer of wealth across borders in all of human history began in 1973 with the
#OPEC oil crisis. Had huge consequences for int'l order. It is one of several key events I investigate that can teach us much about world politics writ large.
Scholars often think about hegemonic decline by looking to Thucydides or the British Empire. But we can learn a lot (more?) from how the US lost some but not all of its dominance in the 1970s over oil. That partial decline shows what the US can expect in other areas in 21st C
The book asks, how do we make sense of the noisy, turbulent world of oil politics? Using a century’s worth of history, I uncover an underlying logic of change. Lessons for three areas: 1-today’s oil politics; 2-theories of international order and hegemony; 3-climate change.
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I argue
#decolonization was a crucial, maybe *the* crucial turning point for the global oil industry. Big interdisciplinary debate about if/how decolonization “mattered”. In the oil industry, it did.
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E.g., my analysis shows how
#OPEC has consistently failed since the 1980s to function as a cartel, because it (mostly) lacks ability to punish its members, let alone other oil producers, for noncompliance. Lesson for climate pol: ability to punish and enforce is crucial.
On climate change, Paris won’t get the job done. Among other things, we need a climate club, enforced by trade measures for non-participating states (eg CBAM). Kudos to @paulkrugman @NatKeohane @toddntucker & others for pushing that idea forward. My book adds to that.
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