American realists, liberals, journalists, and policymakers speak of American hegemony as if it were an established role, although a threatened one given the rise of China. They describe hegemony as essential to international political and economic stability, and a role that only America can perform. These claims are highly questionable, as there is no evidence that the United States is a hegemon nor that it has provided the benefits American international relations theorists attribute to a hegemon. To the extent these benefits are provided, it is the result of the collective efforts of numerous states, by no means all of them great powers. American assertions of hegemony are viewed with jaundiced, if not hostile, eyes by other states. Hegemony is a fiction, propagated by Americans to gain special privileges, justify an interventionist foreign policy, support the defense industry, and buttress national self-esteem. In practice, the quest for hegemony is a threat, not a prop, to the global order.
Richard Ned Lebow and Simon Reich
Following the end of the Cold War, the hegemony of the United States in Latin America was intimately related to the globalization of the hemispheric political economy. Free-trade agreements (FTAs) were crucial to this process, helping to extend and entrench the neoliberal model. As a result of the region’s political turn to the left during the 2000s, however, the Washington Consensus became increasingly untenable. As U.S. trade policy subsequently moved in the direction of a “post-Washington Consensus,” the “Pink Tide” fostered the creation of Latin American-led approaches to integration independent of the United States. In this context, the Trans-Pacific Partnership (TPP) was designed to catalyse a new wave of (neo)liberalization among its 12 participating countries, including the United States, Canada, Chile, Peru, and Mexico. The TPP codified an updated and comprehensive set of rules on an array of trade and investment disciplines not covered in existing agreements. Strategically linking the Asia-Pacific to the Americas, but excluding China, the TPP responded to China’s growing economic presence in Asia and Latin America. Largely a creation of U.S. foreign economic policy, the United States withdrew from the TPP prior to its ratification and following the election of Donald Trump as U.S. president. The remaining 11 countries signed a more limited version of the agreement, known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which is open to future participation by the United States and other countries in Asia and Latin America. The uncertainties in the TPP process represented the further erosion of Washington’s “free trade” consensus, reflecting, among other things, a crisis of U.S. hegemony in the Americas.