Print version: Spiro, David E. The Hidden Hand of American Hegemony Ithaca : Cornell University Press,c2019 ISBN 9781501711985
Cover -- The Hidden Hand of American Hegemony -- Title -- Copyright -- Dedication -- Contents -- Preface -- 1. Explaining Petrodollar Recycling -- 2. Defining the Principles of Allocation -- 3. Making Markets Work -- 4. The Failure of International Institutions -- 5. Competing for Capital -- 6. The Interpretation of Hegemony -- Works Cited -- Index -- About the Author.
Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts..