The dog that did not bark: Anti-Americanism and the 2008 financial crisis in Europe

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11 Scopus citations

Abstract

The financial crisis that erupted in September 2008 seemed to confirm all the worst stereotypes about the United States held abroad: that Americans are bold, greedy, and selfish to excess; that they are hypocrites, staunch defenders of the free market ready to bail out their own companies; and that the US has long been the architect and primary beneficiary of the global economic system. So the crisis had an enormous potential for deteriorating further the global image of the United States, already at an all-time high during the George W. Bush era. Yet anti-American sentiments did not surge worldwide as a result of the crisis, neither at the level of public opinion, nor at the level of actions and policy responses by foreign policy-makers. This article explains why the dog did not bark and reawaken anti-Americanism in the process. The central argument is that this potential anti-Americanism has been mitigated by several factors, including the election of Obama, the new face of globalization, and the perception of the relative decline of US power coupled with the rise of China, which suggests that the 'post-American' world may be accompanied by a 'post anti-American' world, at least in Europe.

Original languageEnglish (US)
Pages (from-to)1-25
Number of pages25
JournalReview of International Political Economy
Volume20
Issue number1
DOIs
StatePublished - Feb 2013

All Science Journal Classification (ASJC) codes

  • Sociology and Political Science
  • Economics and Econometrics
  • Political Science and International Relations

Keywords

  • Anti-Americanism
  • China
  • financial crisis
  • globalization
  • Obama
  • United States

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