Before Hegemony: Adam Smith, American Independence, and the Origins of the First Era of Globalization—Erratum

  title={Before Hegemony: Adam Smith, American Independence, and the Origins of the First Era of Globalization—Erratum},
  author={James. Morrison},
  journal={International Organization},
  • James. Morrison
  • Published 1 October 2012
  • Economics, History
  • International Organization
While extensive scholarship has shown that it is possible to maintain global economic openness after hegemony, economic liberalization is still thought to be unlikely prior to hegemonic ascent. This assumption is based on the conventional narrative that Great Britain began lowering its trade barriers in the 1820s as it began its hegemonic ascent. This article shows that Britain began pursuing an open trading structure in the 1780s—in precisely the multipolar world that hegemonic stability… 

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