ABSTRACT
This conclusion presents some closing thoughts on the concepts covered in the preceding chapters of the book. The book provides a global picture of American hegemony and rising powers. It focuses on global cooperation and conflict. The book demonstrates that the power held by hegemons and rising or reemerging powers is constructed by the intersubjective and historically constituted perceptions, biases, and assessments of various coalitions of stakeholders in the international system. Power is an intersubjective and temporally constituted reality constructed within the international system—and that same principle also holds for global cooperation or conflict. The book explores the ways in which China's economic rise, in the realm of finance, may be peaceful as international financial hubs such as London remain open to RMB internationalization. One of the most notable insights from his contribution is that the global monetary system is an underappreciated policy area for empirical investigation for the challenges posed by rising powers such as China.
