Details

Autor(en) / Beteiligte

• Kwon, Roy

Titel

Hegemonic Stability, World Cultural Diffusion, and Trade Globalization

Ist Teil von

• Sociological forum (Randolph, N.J.), 2012-06, Vol.27 (2), p.324-347

Ort / Verlag

Oxford, UK: Blackwell Publishing Ltd

Erscheinungsjahr

2012

Quelle

Wiley-Blackwell Journals

Beschreibungen/Notizen

• Although few disagree that advancements in technology and the establishment of trade-conducive transnational institutions play an important role in augmenting the potential for trade globalization, there is more disagreement surrounding alternative causal explanations of trade during the postwar period. While world-system scholars argue that international trade increases when a hegemonic nation-state is powerful enough to provide geopolitical stability and trade-conducive policies, world-polity theorists maintain that trade results from the emanation of "cultural scripts" that create compatible national institutions and trust among nation-states. This article tests these theories by analyzing a global-level data set with information from 1945 to 2005 via autoregressive integrated moving-average models. The results provide strong support for the world-system contention that increases in the power of the hegemonic nation-state amplify levels of trade globalization. Furthermore, although there is some support for the world-polity contention that the spread of democracy is positively associated with international trade, there is little evidence to validate the claim that the proliferation of intergovernmental organizations enhances trade globalization.