The New Shape of the Global Power-Field (GPF) After the Transformation of the Modern World-System Post-WWII (Part. 2)

Further Outlines in the Evolution of the Field and Its Impact on the Global South

Authors

  • Omer Awass American Islamic College

Keywords:

world-system, field of power, asymmetrical relations, objectification, non-locality, vectors of power, iran

Abstract

This article is a follow-up to a previous essay that mapped the dynamics of the modern world-system theory into what was called a Global Power-Field (GPF) during the colonial era phase of planetary history. It continues this mapping project by exploring the reconfiguration of the field in the postcolonial period. This field of power operated on the practice of ‘objectification’ of asymmetrical relations within its domain. The current essay extends that analysis by further identifying the forms of ‘objectification’ in the field’s contemporary phase. A prominent feature of the current field is the non-locality of its operations; a term signifying the level of dispersion of its vectors of power across the globe. The investigation will conclude with a detailed case study of how this current version of the GPF impacts the Global South by examining Post-Revolutionary Iran’s relations with the West.

References

Agnew, J; Colman, M. 2007. “The Problem with Empire.” In Space, Knowledge and Power: Foucault and Geography, by Jeremy Crampton an Stuart Elden. Hampshire, England: Ashgate Publishing Limited.

Agnew, J; Knox, P; McCarthy, L. 2014. The Geography of the World Economy. London: Routledge.

Agnew, John. 2003. Geopolitics: Re-Visioning World Politics. London: Routledge.

Amuzegar, Jahangir. 2014. The Islamic Republic of Iran: Refections on an Emerging Economy. New York: Routledge.

Anaraki, N.K. and Shahrestani, H. 2008. “How Would A Possible U.N. Sanction Affect The Iranian Economy?” Global Journal Of Business Research 2 (1).

Anderson, Alexandra. Fall 2013. “Good Grief ! Iran Sanctions and the Expansion of American Corporate Liability for Non-U.S. Subsidiary Violations Under the Iran Threat Reduction and Syria Human Rights Act of 2012.” Northwestern Journal of International Law & Business 34 (1 Fall).

Askari, H; Forrer, J; Teegan, H; Yang, J. 2001. “U.S. Economic Sanctions: Lessons from the Iranian Experience.” Bussiness Economics, July: 7-19.

Awass, Omer. 2021. “The Challenge of Religious Governance in the Modern Nation-State: Negotiating Islamic Law in Post-Revolutionary Iran.” Sociology of Islam (9): 19-41. doi:10.1163/22131418-00901006

Awass, Omer. 2019. “Contending with Capitalism: Fatwas and Neoliberal Ideology.” Journal of World-System Research 25 (1). doi 10.5195/jwsr.2019.843| wsr.pitt.edu.

Barnet, R and Cavanagh, J. 1994. Global Dreams: Imperial Corporations and the New World Order. New York: A Touchstone Book.

Bourdieu, Pierre. 1977. Outline of A Theory of Practice. Translated by Richard Nice. New York, NY: Cambridge University Press.

Buzan, B. and Lawson, G. 2015. The Global Transformation: History, Modernity, and the Making of International Relations. Cambridge: Cambridge University Press.

Cao, Xiongwei. Spring 2012. “The Dollar Hegemony And The U.S.-China Monetary Disputes.” A thesis submitted in partial fulfillment of the requirements for the Degree of Master of Arts in the Department of Political Science in the College of Sciences at the University of Central Florida.

Carter B and Farha, R. 2013. “Overview and Operation of U.S. Financial Sanctions, Including the Example of Iran.” Georgetown Journal of International Law 44 (3): 903-914.

Clark, William. 2004. “The Real Reasons Why Iran Is The Next Target: The Emerging Euro-Denominated International Oil Marker.” Global Research. October 27. Accessed November 10, 2020. https://archives.globalresearch.ca/articles/CLA410A.html.

Cox, Richard. 1994. “Global Restructuring: Making Sense of the Changing IPE.” In Political Economy and the Changing Global Order, by R and Underhill, G Stubs. London: Macmillan Press LTD.

Devarajan, S; Ianchoichina E, Lakatos, C. February 2016. Lifting Economic Sanctions on Iran: Global Effects and Strategic Responses. Policty Research Working Paper, Office of Chief Economist, World Bank Group-Middle East and North Africa Region , World Bank.

Dudlák, Tamás. 2018. “After the sanctions: Policy Challenges in Transition to a New Political Economy of the Iranian Oil and Gas Sectors!” elsevier. Accessed October 3, 2020. www.elsevier.com/locate/enpol.

El-Said, H; Harrigan, J. 2009. Aid and Power in the Arab World: IMF and World Bank Policy-Based Lending in the Middle East and North Africa. New York: Palgrave-Macmillan.

Giddens, Anthony. 1985. The Nation State and Violance. Oxford: Polity Press.

Gilpin, Robert. 2001. Global Political Economy: Understanding the International Economic Order . Princeton: Princeton University Press .

Graves, Charles Tait. n.d. “Extraterritoriality and Its Limits: The Iran and Libya Sactions Act of 1996.” Hastings International and Comparative Law Review 21 (3).

Hafezi, P; Parent, V. 2012. “Sanctions Already Pushing Iran to the Point Where it is Bartering For Food.” February 9. Accessed November 10, 2010. https://nationalpost.com/news/sanctions-already-pushing-iran-to-the-point-where-it-is-bartering-for-food.

Helleiner, Eric. 1994. “From Bretton Woods to the Global Finance: A World Turned Upside Down.” In Political Economy of the Changing Global Order, by R & Underhill, G Stubs. London: MacMillan Press LTD.

Hoogvelt, Ankie. 1978. The Sociology of Developing Societies. London: The Macmillan Press Ltd.

Hussin., Iza R. 2016. The Politics of Islamic Law Local Elites, Colonial Authority, and the Making of the Muslim State. Chicago: University Of Chicago Press.

Kubursi, A.A. and Mansur, S. 1994. “The Political Economy of Middle Easter Oil.” In Political Economy and the Changing Global Order, by R and Underhill, G. Stubbs. New York: St. Martin's Press.

Lakshmanan, I; Narayanan, P. 2012. “Iran Sanctions Fuel ‘Junk For Oil’ Barter With China, India.” March 30th. Accessed November 2020. https://financialpost.com/investing/iran-sanctions-fuel-junk-for-oil-barter-with-china-india.

Lang, Jamie. 2007. “International Sanctions: The Pressure on Iran to Abandon Nuclear Proliferation.” Journal of International Bussiness and Law (Scholarly Commons and Hofstra Law) 6 (1): 141-167 (Article 7).

Liu, Henry CK. 2008. Breaking Free from Dollar Hegemony. July 28. Accessed Oct. 14 2020. http://www.henryckliu.com/public_html/page165.html.

Liu, Henry CK. 2002. Dollar Hegemony. Accessed Oct. 14, 2020. http://henryckl.ipower.com/page2.html.

Mafi, Homayoun. Fall 2007. “The Dilemma of US Economic Sanctions on Iran: An Iranian Perspective.” The Iranian Journal of International Affairs XIX (4): 99-121.

Maloney, Suzanne. 2010. The Revolutionary Economy. October 11. Accessed November 2020. https://iranprimer.usip.org/resource/revolutionary-economy.

Mann, Michael. 1988. States, War and Capitalism: Studies in Political Sociology . Oxford: Blackwell .

MercoPress. 2012. “Sanctions on Iran Force Uruguay to Propose Teheran Rice for Oil Barter Deal.” April 1. Accessed November 10, 2012. https://en.mercopress.com/2012/04/01/sanctions-on-iran-force-uruguay-to-propose-teheran-rice-for-oil-barter-deal.

Moret, Erica S. 2015. “Humanitarian Impacts of Economic Sanctions on Iran and Syria.” European Security 24 (1.): 120–140.

Nakanishi, Hisae. 2015. “The Construction of the Sanctions Regime Against Iran: Political Dimensions of Unilateralism.” In Economic Sanctions under International Law, by A.Z. Marossi and M.R. Bassett. Asser Press .

Nunan, Cóilín. ND. “Petrodollar Or Petroeuro? A New Source Of Global Conflict.” Growth. Accessed November 10, 2020. https://www.feasta.org/documents/review2/nunan.htm.

Santini, R. and Tabrizi, A. 2012. “EU Sanctions Against Iran: New Wine in Old Bottles.” ISPI Analysis, March .

Siddiqui, Kalim. 2020. “The U.S. Dollar and the World Economy: A Critical Review.” Athens Journal of Business & Economics 6 (1): 21-44 .

Stevens, Paul. 2005. “Oil and Development.” Vol. Blackwell Reference Online: (http://www.blackwellreference.com/subscriber/tocnode?id=g9781405106, in A Companion to the History of the Middle East., by Youssef M. Choueiri. Blackwell Publishing.

Thomas Costigan, Drew Cottle and Angela Keys. SPRING 2017. “The Us Dollar As The Global Reserve Currency: Implications For US Hegemony.” World Review Of Political Economy 8 (1).

Wallerstein, Immanuel. 1996. “The Global Picture 1945-90.” In The Age of Transition: Trajectory of the World System., by Terence K. Hopkins and Immanuel Wallerstein. New York: Zed Books.

_____. 2004. World-Systems Analysis: An Introduction. Durham: Duke University Press.

Warde, Ibrahim. 2010. Islamic Finance in the Global Economy. Edinburgh: Edinburgh University Press.

Downloads

Published

2022-03-26

How to Cite

Awass, O. (2022). The New Shape of the Global Power-Field (GPF) After the Transformation of the Modern World-System Post-WWII (Part. 2): Further Outlines in the Evolution of the Field and Its Impact on the Global South. Journal of World-Systems Research, 28(1), 4–24. Retrieved from http://jwsr.pitt.edu/ojs/jwsr/article/view/1071

Issue

Section

Research Articles