Teaching Financial-Monetary Hegemony in Geography
Hannes Gerhardt and Andy Walter
University of West Georgia
This opinion piece points to the need to more fully address the financial and monetary dimensions of the global political economy within geography education. The concept of financial-monetary hegemony is offered as a way to better understand a variety of issues commonly addressed in the geography classroom. More specifically, we suggest a concerted focus on both the increasing financialization of global capitalism and the related privileged position of the U.S. dollar in international banking and trade. We conclude that a more systematic pedagogical focus on financial-monetary hegemony can greatly enhance otherwise rather descriptive and abstract renditions of the world-system.
Keywords: Financial-monetary hegemony, global capitalism, international banking, teaching geography