Jeff D. Colgan, "Partial Hegemony: Oil Politics and International Order" (Oxford UP, 2021)

In Conversation: An OUP Podcast · May 10, 2022 · 44m

When and why does international order change? The largest peaceful transfer of wealth across borders in all of human history began with the oil crisis of 1973. OPEC countries turned the tables on the most powerful businesses on the planet, quadrupling the price of oil and shifting the global distribution of profits. It represented a huge shift in international order. Yet, the textbook explanation for how world politics works-that the most powerful country sets up and sustains the rules of international order after winning a major war-doesn't fit these events, or plenty of others. Instead of…