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The Relevance of the Hegemonic Stability Theory in the Age of Globalization
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This is a 12 page paper discussing the relevance of the hegemonic stability theory in the age of globalization. The theory of hegemonic stability is relevant in today’s increasing trend of globalization. The many issues involved include largely the existence of American hegemony since the end of the Second World War and more recently since the end of the Cold War. For hegemonic stability to exist however several elements come into play including the capability of the hegemon to enforce the rules of the system, the will to enforce the rules and the commitment of all member nation states to perceive that the system is mutually beneficial to all. If any of these elements are weakened, then the stability of the hegemony is affected. Since the end of the Cold War, the decline in the American economy has reversed and many nations view the United States as a “hyperpower” which exercises its control too liberally around the world. However, with an increased resistance to American power, the stability of the hegemony becomes weakened thus being detrimental to the United States itself. In order to maintain American hegemonic stability, many critics believe that systems are in place which will not create resentment against the United States. Some of these systems include foreign investment and influence on American policy and the strength of the international institutions such as the United Nations, NATO, the World Bank, and the IMF among others. As is it within the U.S. own best interests to maintain the stability of the hegemony, the promotion of globalization has become the major motivator for increased hegemonic stability.
Bibliography lists 8 sources.
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Pages:
12
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Filename:D0_TJhegem1.rtf |
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Paper Title:
The Relevance of the Hegemonic Stability Theory in the Age of Globalization
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