The analysis of the US income differential development in a context of its hegemonic position

Martina Jiránková ()
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Martina Jiránková: Fakulta mezinárodních vztahů, VŠE v Praze

Medzinarodne vztahy (Journal of International Relations), 2012, vol. 10, issue 2, 29-44

Abstract: The article deals with the income differential analysis of the United States in a context of its hegemonic position. In the second half of the 20th century and at the beginning of the 21st century the USA plays a dominant role in the world. This position brings a lot of advantages for it but also some costs. One of the advantages is the constantly positive income differential as the USA has higher gains from its assets abroad than foreigners from their assets in the United States. This “exorbitant privilege” is given by lots of factors. The US income differential had different structures in time, and although it is generally stable there were also some decreases.

Keywords: income differential; international investment position; the USA; hegemon (search for similar items in EconPapers)
JEL-codes: F20 F36 F50 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:brv:journl:v:10:y:2012:i:2:p:29-44

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