Thus, although in agreement over theory, there is much less agreement on. Snidal 1985 the limits of hegemonic stability theory the. Theory of hegemonic stability the theory of hegemonic. This paper assesses the applicability of hegemonic stability theory to international.
May 28, 2010 webb and krasner wrote in hegemonic stability theory. The hegemon has a selfinterest in the preservation of the system and is, therefore, prepared to. Hegemonic stability theory hst is a hybrid theory that draws on the realist, liberal and historical structuralist perspectives. American decline and changing global hegemony iowa state. They argue that the presence of this hegemon would eventually make the world a more peaceful place. To be a hegemon, a state must have three attributes. Originally a theory of international political economy, hst argues that a liberal economic order and stability occur when there is a single dominant power that is, a hegemon. Hegemonic stability theory and european monetary cooperation. Hegemonic stability theory argues that a hegemon helps maintain both economic and political stability in the international order. Hegemonic stability theory is basically a realist prescription of how to achieve international stability in an anarchical international system. Jul 16, 2014 the theory of hegemonic stability relies on multiple perspectives such as liberal, historical and structural sobel, 2012. The key point in the theory of hegemonic stability is that there. Regime theory and international relations, 9167, 1993. Second, the cold war era provides an excellent period to test hegemonic stability theory.
The thesis begins by defining the term space weapon. Jan 08, 2010 the theory of hegemonic stability does not explain the failure of the interwar and the success of the post1945 international economic orders. This paper examines hegemonic stability theory, the concept in international relations that an assertive hegemon can act as a stabilizing force in the international system. The stability of the international system requires a single dominant state to articulate and enforce the rules of interaction among the most important members of the system. The theory of hegemonic stability ths is a significant theory in understanding the roles played by the hegemonic power and the relations with the economic development and political stability in the international structure. An empirical assessment that one of the major challenges confronting researchers is in defining what constitutes hegemony webb and krasner,1989. Other articles where hegemonic stability theory is discussed.
Through a quantitative analysis looking at both american and british hegemonic governance, it was discovered that in both cases there is a strong negative association between. Hegemonic stability theory research papers academia. Hegemonic stability, world cultural diffusion, and trade globalization article pdf available in sociological forum 272. Evaluation and analysis of hegemonic stability theory. Charles kindleberger is considered to be the inventor of this theory. Hegemonic sequence and war sequence hegemony war of.
Although an argument about the role of a hegemon in the creation of public goods can be applied to a wide variety of issues in international politics, it has been made most often and most notably in the case of international monetary relations and international trade. Perhaps the most tenacious of them all is hegemonic stability theory hst, which is the argument that a hegemonic power is necessary to maintain a stable, open international economic order because only a hegemon is able and potentially willing to do what is needed to preserve openness. Hegemonic stability theory hst is a theory of international relations. Rethinking the hegemony stability theory interpretation.
The hegemonic stability theory is one that has often been offered as an explanation behind the successful cooperation that occurs within an international system. What is the chief problem with hegemonic stability and hegemonic transition theory. Provisions of liquidity market for distressed goods. Theoretical foundations of hegemonic stability theory. Pdf is economic hegemony necessary for maintaining open. Hegemonic stability theory states the rules that are required in the maintenance of international. In contrast, the instability of the interwar goldexchange standard is attributed to the absence of a hegemonic power. Hegemonic stability theory essay example graduateway.
A hegemonic state is one which is powerful enough to be capable of influencing the events throughout the world. Hegemonic stability theory and the evolution of the space. Specifically, the theory holds that markets will tend to be most. Hegemonic stability is a theoretical perspective that is concerned with international trade policy. The hegemonic stability theory is first proposed by economist charles kindleberger after an examination into the history of the great depression. This study analyzes whether hegemonic stability theory can explain the evolution of the principles, norms, rules, and decisionmaking procedures of the outer space weaponization regime during the cold war. Living marginal lives even before the pandemic, many in this warruined land have no choice but to defy the lockdown. International political economy and hegemonic stability theory. Kindleberger the theory of hegemonic stability generally argues that states can only cooperate economically with one another when a hegemonic power holds the ring, economically or militarily. Hst indicates that the international system is more likely to remain stable when a single nationstate is the dominant world power, or hegemon. This paper assesses the applicability of hegemonic stability theory to international monetary relations, approaching the question from both theoretical and empirical vantage points. The limits of hegemonic stability theory international.
According to hegemonic theory high level of openness and stability of international system can be maintained when there is a single hegemonic country that meets the following requirements. Webb and krasner wrote in hegemonic stability theory. Causal analysis to assess rival explanations of the different theories as. The theory of hegemonic stability does not explain the failure of the interwar and the success of the post1945 international economic orders. Rooted in research from the fields of political science, economics, and history, hst indicates that the international system is more likely to remain stable when a single nationstate is the dominant world power, or hegemon. Hegemonic stability theory is a theory that attempts to explain changes in the degree to which the international political economy is open or restricted on the basis of the power relations between the major states in the world system. What robert keohane first called the theory of hegemonic stability, joins a. Introduction author claims hst is far more limited than authors suggest section 2. In defining hegemonic stability theory hst it is necessary to understand the meaning of hegemonic. Leadership, hegemony, and the international economy jstor. The socalled theory of hegemonic stability is a research program com posed of.
Hegemonic stability theory had its genesis to the great depression that hit united states in 1929. Firstly, by neoliberalism, as a critique of hegemonic stability theory hst. By examining britains relative power yearbyyear rather than simply measuring the amount of conflict during british hegemony, spiezio. Hegemonic stability theory and the 20th century international. Hegomonic stability theory is a theory that attempt to explain changes in the degree to which the international political economy is open or restricted on the basis of the power relations between the major states in the world system. In this paper the authors combine insights from international relations theory and. According to hegemonic stability theory, if the united states is really still the hegemon, then it should be providing the following things. Nevertheless, it cannot be an empirical predication or normative reference for the political scientists, politicians, historians, journalists, and other observers of international affairs to affirm that hegemon is the sufficient condition of stability. The state is considered as a rational and selfish actor in search of the greatest achievement of national interest. Hegemonic stability theory, which argues that international economic openness and stability is most likely when there is a single dominant state, is the most prominent approach among american political scientists for explaining patterns of economic relations among the advanced capitalist countries since 1945. By having one single and dominant actor, international politics is able to provide a desirable outcome for everyone that is involved within that international system. Drought coupled with the coronavirus pandemic spells danger for food security. Power is the ability to influence the behavior of other actors to affect desired outcomes.
Mar 09, 2009 according to hegemonic stability theory, if the united states is really still the hegemon, then it should be providing the following things. As gilpin explains, according to the theory of hegemonic stability as set forth initially by charles kindleberger an open and liberal world economy requires the existence of a hegemonic or dominant. The united states flunks hegemonic stability theory foreign. Hypothetical recovery with hegemonic leadership of international liberalism hegemonic help required to build up nerve but britain declined and people lost their nerve and called on govt. The theory of hegemonic stability and embedded liberalism. The socalled theory of hegemonic stability is a research program com posed of two. After outlining which weapons are included in this definition, the author argues that there are relative and absolute power variants of. Derivation and application of the theory section 2a. Dec 14, 2016 this is called the hegemonic stability theory hst. While aggregate economic growth has slowed since 1970, and there has been instability in certain. Conversely, the absence of a hegemon is associated with disorder and undesirable outcomes.
The limits of hegemonic stability theory duncan snidal the theory of hegemonic stability is widely discussed as an explanation for the successful operation of the international system in certain circumstances and the failure of international cooperation in other circumstances. They tend to over predict conflict one cause for the loss of moderation in the early twentiethcentury balance of power was a rise in complacency about peace. Hegemonic stability theory been the focus of substantial scholarly attention in recent years. Understanding hegemony in international relations theories. The socalled theory of hegemonic stability is a research program composed of two distinct theories. Deductive conclusions and empirical implications kindleberger is the originator of the theory claims that a hegemonic benevolent despot provides the public good for all states. Hegemonic comes from the greek word hegemon, meaning leader. Krasner hegemonic stability theory, which argues that international economic openness and stability is most likely when there is a single dominant state, is the most prominent approach among american political scientists for explaining patterns of economic. Benefits of hegemonic stability theory benefits of.
Proponents point to the period after wwi, at which point america returned to isolationism, and the return to great power war in wwii as an example of what happens when there is no hegemon to lead the system. Globalization and hegemonic stability theory hst duration. Hst or hegemonic stability theory is a theory that deals with international relations. The theory of hegemonic stability relies on multiple perspectives such as liberal, historical and structural sobel, 2012. For this common assessment of kindlebergers role see, for instance. As we discussed in the lectures, the world entered pax britannica a state of relative international peace regarded as overseen by the united kingdom in around 1815, and was peaceful up. Thus, the fall of an existing hegemon or the state of no hegemon diminishes the stability of the.
Domestic influences upon international monetary cooperation in major states were a crucial determining factor in the global economic stability or lack thereof in the interwar and postwwii periods. Combining these factors, the international economic infrastructure will be. There have been dramatic increases in the relative importance of international financial flows. Us dominance or hegemony was the linchpin of the successful world capitalist economy after 1945. This conventional approach to hegemony has been challenged from two sides in ir. View hegemonic stability theory research papers on academia. The stability of the international system requires a single dominant state to articulate and enforce the rules of interaction. Leadership theory builds upon public goods models and seeks to explain the production of the.1379 1120 48 403 353 417 597 1007 617 376 270 1204 589 22 1201 231 327 1452 705 701 1489 606 1088 510 1326 694 894 213 329 1284 1404