This chapter on US finance-led capitalism is the first of the three chapters to investigate the domestic origins of international economic cooperation and conflicts. First it builds on the trilemma triangle introduced in Chapter 2 and explains the US position. The chapter then investigates the historical origin of the US finance-led model of capitalism. It then turns to investigating the economic foundation of this model, before turning to the political economy of the US-specific neoliberal class compromise. As we shall see, the UK is also mentioned frequently as another finance-led country that has similar preferences to the US, and, with the British exit from the EU, the UK will probably align even more closely with the US.
The Political economy of multilateral economic cooperation; Nigeria and the Lome conventions.
