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Essentially, international relations are those between global societies with political & territorial boundaries. The territorialization of global societies gives rise to a specific kind of contradiction: the political occupation of tracts of land & their delimitation from other areas occupied in the same way brings about an interdependence between global societies, since no single given territory can contain all those natural requisites which a country as a whole can offer. Using the methods of historical sociology & anthropology, two types of interdependence are noted: original & technological. The former results from natural conditions while the latter results from the development of the production which compensates for natural deficiencies. Relations between states depend upon the form & the degree of interdependence, themselves affected by variables that could be investigated both quantitatively & qualitatively, helping to explain the course of the relations between the observed states. AA.

Includes appendices ; "Workshop guideline on women in an interdependent world." ; "W-9." ; Cover title ; Includes bibliographical references ; Mode of access: Internet.

Over the past twenty years there has been a dramatic increase in the practice of banks located in one country accepting deposits denominated in the currency of another country. Initially, the banks involved were mainly located in western Europe and hence they were often referred to as "eurobanks" and the network which they comprised was called the Eurocurrency System. It is estimated today that the assets available to the System exceed †200 billion. Originally, the U.S. dollar was the main currency involved, but deposits denominated in deutsche Marks and other European currencies are also becoming important. In addition, the prefix "euro" is now somewhat misleading, since many of the banks engaging in this practice are located in the Bahamas, Singapore, Bahrain and other non-European countries. However, the bulk of activity does involve financial institutions in western Europe, so for convenience I shall continue to refer to the system as the Eurocurrency System.

International Relations scholars have long recognized the need to study the complex interdependencies of the international economy in order to understand the economic sources of national power and influence. Renewed interest in the patterns of international economic interdependencies and the structure of globalization has led scholars to a better, more empirically grounded understanding of the significance of complex interdependence for the evolution of international power. This paper examines the effect of one important and persistent characteristic of complex interdependence, American centrality within the international banking system, and argues that changes in the US financial cycle drive international financial volatility and crisis. These dynamics comprise the underbelly of American financial hegemony and pose a fundamental challenge to US leadership in the contemporary liberal international order. Financial stability is key to economic growth, which in turn perpetuates liberal political norms and institutions. Financial instability, on the other hand, breeds political discontent, which may take the form of populism or nationalism. The ability and willingness of the United States to reign in its own financial system may be key to ensuring that the liberal international system it established 75 years ago survives and thrives in the coming decades.

International Relations scholars have long recognized the need to study the complex interdependencies of the international economy in order to understand the economic sources of national power and influence. Renewed interest in the patterns of international economic interdependencies and the structure of globalization has led scholars to a better, more empirically grounded understanding of the significance of complex interdependence for the evolution of international power. This paper examines the effect of one important and persistent characteristic of complex interdependence, American centrality within the international banking system, and argues that changes in the US financial cycle drive international financial volatility and crisis. These dynamics comprise the underbelly of American financial hegemony and pose a fundamental challenge to US leadership in the contemporary liberal international order. Financial stability is key to economic growth, which in turn perpetuates liberal political norms and institutions. Financial instability, on the other hand, breeds political discontent, which may take the form of populism or nationalism. The ability and willingness of the United States to reign in its own financial system may be key to ensuring that the liberal international system it established 75 years ago survives and thrives in the coming decades.