Global Governance and Transnationalizing Capitalist Hegemony: The Myth of the 'Emerging Powers', 1st Edition (Hardback) book cover

Global Governance and Transnationalizing Capitalist Hegemony

The Myth of the 'Emerging Powers', 1st Edition

By Ian Taylor


246 pages

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This book is a critique of claims regarding how emerging economies are supposedly rewriting the rules of global governance and ushering in alternative models to neoliberal orthodoxy. It argues that such assumptions are abstractions that ignore both the transnationalizing nature of the global political economy and the actual policy goals of the ruling classes within most emerging economies. 

Considering the larger issues behind the emerging economies (or powers) debate, the book deploys an adapted global capitalism perspective with insights from Gramsci, Poulantzas and Cox, to argue that the transnational nature of the global political economy and the actual policy goals of the dominant elites within most emerging economies merge to undermine any transformative element. Far from challenging the global order, these ostensible new rivals in fact seek to integrate their economies more and more within the existing liberal global economy. Inter-state dynamics and even inter-elite tensions exist and it is clear that the nation state has not simply become a transmission belt for global capital, but equally we must move beyond the surface phenomena that are most visible in global tensions to get at the underlying essence of social and class forces in the global political economy. Looking at the largest emerging powers, such as Brazil, Russia, India and China, Taylor explains why the emerging powers’ elites, although essentially subscribing to neoliberalism (in all its variegated forms) may confront the core in a myriad of ways, but that these are not challenges to the ongoing world order and, in fact, the so-called emerging powers serve a legitimizing function for the extant global system. 

The book will be of great use to graduates and scholars of International Relations, Global/International Political Economy and International Development.

Table of Contents

Introduction: Global governance and transnationalizing capitalist hegemony: "emerging powers" in theory and practice

1 Neoliberalism’s triumph and the emerging powers

2 World orders old and new

3 Emerging powers and global governance

4 The emerging powers fad

5 China: The emerging status quo power

Concluding remarks

About the Author

Ian Taylor is Professor in International Relations and African Political Economy at the University of St Andrews, United Kingdom; Chair Professor in the School of International Studies, Renmin University of China; and Professor Extraordinary at the University of Stellenbosch, South Africa.

About the Series

Global Institutions

The "Global Institutions Series" is edited by Thomas G. Weiss (The CUNY Graduate Center, New York, USA) and Rorden Wilkinson (University of Sussex, UK).

The Series has two "streams" identified by their covers:

  • Blue covers offer comprehensive, accessible, and informative guides to the history, structure, and activities of key international organizations, and introductions to topics of key importance in contemporary global governance. Recognized experts use a similar structure to address the general purpose and rationale for specific organizations along with historical developments, membership, structure, decision-making procedures, key functions, and an annotated bibliography and guide to electronic sources.
  • Red covers consist of research monographs and edited collections that advance knowledge about one aspect of global governance; they reflect a wide variety of intellectual orientations, theoretical persuasions, and methodological approaches.

Together these streams provide a coherent and complementary portrait of the problems, prospects, and possibilities confronting global institutions today.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic Conditions
BUSINESS & ECONOMICS / Development / Economic Development
BUSINESS & ECONOMICS / Government & Business
POLITICAL SCIENCE / Economic Conditions