Hegemonic rise[ edit ] In order for a nation-state to rise to the level of hegemon, there are some attributes it must or is more advantageous to have. In terms of military force, a standing defensive army is not enough. A superior navy, or air force is. This explains why many hegemons have been geographically situated on peninsulas or islands.
The Decline of the US-Hegemon 6. Conclusion — Hegemony Today and Problems of the Theory 7. Introduction In the second half of the This term paper intends to answer the following questions: What is Hegemonic Stability Theory about? How is the shape of the hegemonic system? Why will it decline? The theoretical assumptions will be extended by a closer look at the US-hegemony.
How was it possible that the US could establish their leadership in the international economic system? What did they do to create a stable global economic order?
Of course, the last questions have to answer why the US weakened and why their hegemony eventually declined? How is the situation today?
Is there still a hegemon? To answer these questions, the first part of the paper will summarize the main assumptions of the theory. Finally, the end of the paper will explain how the American hegemony declined and which role it plays in the present international economy.
In his book of The World in Depression, Kindleberger as an economic historian explained the outcome of the great depression at the beginning of the 20th century with the weakness of Great Britain to stabilize the international system and the unwillingness of the Unites States to do so, although it was strong enough.
Furthermore, Kindleberger states that a liberal international economy requires a hegemon committed to liberal economic principles, that are the principles of free markets, openness and nondiscrimination. Generally, the prerequisites for the emergence and expansion of the liberal market system within the international economy are hegemony, the liberal ideology and common interests.
Another assumption is that the maintenance of this order requires a continued hegemony which implies cooperation between the participating states within the system.
To be considered hegemonic in the world political economy [ It must also be stronger, on these dimensions taken as a whole, than any other country. Within such an order the existence of the hegemon makes cooperation more feasible.
The hegemon has the ability to assist stability and leadership not only based on its economic but also on its military dominance. Since there are also positive outcomes of the system for the other participating states and since the hegemon has such a high prestige and status in the international political system its role is accepted and legitimized.
It needs the ability as well as the will to establish and maintain the norms and rules of a liberal economic order. That implies that the hegemon itself has to be committed to liberal values. The role of a hegemon also includes that it facilitates international cooperation and that it prevents defection from the rules of the regime by means like economic sanctions, side payments and others.
Besides creating regimes, another task of the hegemon is the provision of public or collective goods like the partly above mentioned open market economy, stable international currency and international security. These goods can be enjoyed by individual countries independent from their contribution to the maintenance of the goods.
To keep the system as stable as possible the hegemon has to prevent cheating, exploiting and free riding of other states. It is also necessary that the dominant power enforces the rules of the liberal system and encourages other states to share the costs of maintaining the system and for example to remove their trade barriers to enlarge and stabilize the economic world order.
Because of internal and external reasons the hegemonic power finally loses its will and ability to manage the system. That means it has to put more efforts on the system to stabilize it than other members have to.
The result is the extension of costs that have to be paid to maintain the security in the system, for example military spending, stationing troops abroad, aid to allies and more.
That leads to the decline of its international competitiveness which can produce a financial crisis, and in worst case may lead to the collapse of the whole system.
Weltregieren durch Internationale Wirtschaftsorganisationen. The Rise of the Trading State: Commerce and Conquest in the Modern World. Lessons for the Current Era of Decline. Hegemony and Cooperation in the International Economy.
The World in Depression: The Political Economy of International Relations.
Cooperation and Discord in the World Political Economy.This thesis will attempt to test only one - hegemonic stability theory. Hegemonic stability theory holds that regimes are formed and maintained in the presence of a strong hegemon.
Hegemonic Stability Theory a. Overview. In defining Hegemonic Stability theory (HST) it is necessary to understand the meaning of hegemonic.
Hegemonic comes from the Greek word "hegemon", meaning leader. A Hegemonic state is one which is powerful enough to be capable of influencing the events throughout the world. The basic contention of the hegemonic stability thesis is that the distribution of power among states is the primary determinant of the character of the international economic system.
A hegemonic distribution of power, defined as one in which a. 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.
“hegemonic stability thesis” or “hegemonic stability theory”. 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.
Hegemonic Stability Theory: The Rise and Fall of the US-Leadership in World Economic Relations - Julia Schubert - Term Paper - Politics - International Politics - General and Theories - Publish your bachelor's or master's thesis, dissertation, term paper or essay.