International Order after the Financial Crisis

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Penn State Journal of Law & International Affairs, ISSN: 2168-7951, Vol: 1, Issue: 2, Page: 275

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James, Harold
international order; financial crisis; multilaterialism; China; Diplomatic History; History of Science, Technology, and Medicine; International and Area Studies; International Law; International Trade Law; Law; Law and Politics; Political Science; Public Affairs, Public Policy and Public Administration; Rule of Law; Social History; Transnational Law
article description
How is international order built, and how is it legitimate, in a world in which political and economic foundations are rapidly shifting? What are the consequences of the rise of major new powers for the structure and the functioning of the international system? Great wars or great financial crises have in the past led to disorientation about the moral foundations of society, domestically and internationally. The paper examines parallels with the Great Depression, and in particular the weakening of multilateralism and of small political units, and the strengthening of large powers with hegemonic claims. The paper then turns to an examination of how a possible China-centered order would be legitimated.