This chapter asks what light the theory of hegemonic stability can throw upon us. It only becomes a valid theory based on the following. The theory of hegemonic stability does not explain the failure of the interwar and the success of the post1945 international economic orders. After outlining which weapons are included in this definition, the author argues that there are relative and absolute power variants of. View hegemonic stability theory research papers on academia. Globalization and hegemonic stability theory hst duration. Issues of hegemony, hegemonic power, benign and malign hegemons, and so on returned to the top of the ir agenda. This paper takes a preliminary step toward formulating a theory of german leadership within european monetary politics.
Hegemonic stability theory research papers academia. Hegemonic stability theory hst is a theory of international relations, rooted in research from. The field of international relations is replete with contentious debates over both theory and policy, but hegemonic stability theory has elicited controversy from theoreticians and policymakers alike. Thus, although in agreement over theory, there is much less. In the last posting, i introduced an italian philosopher and political theorist gramscis idea, hegemony to explain the phenomena that people are controlled by the media such as tv and newspaper even in this modern society. Pdf on sep 1, 20, stephen silvia and others published is economic hegemony necessary for maintaining open trade. Hst indicates that the international system is more likely to remain stable when a single nationstate is the dominant world power, or hegemon.
Charles thompson the impact of british hegemony on world. View notes snidal 1985 the limits of hegemonic stability theory from pols 5308 at texas tech university. Study 14 terms gov312l segment 3 flashcards quizlet. In applying this theory at a regional level of analysis, the study finds very little empirical evidence that it fits the african regional context. 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.
The authors make a few interesting observations about the results of their data. Because corporations wanted to restore their markets. Hegemonic stability theory hst is a theory of international relations, rooted in research from the fields of political science, economics, and history. The socalled theory of hegemonic stability is a research program com posed of two.
Hegemonic power and technology advancement springerlink. Second, the cold war era provides an excellent period to test hegemonic stability theory. Using the theoretical framework of hegemonic stability theory, it argues that there is a somewhat weak link between south africas foreign policy character and its hegemonic disposition in africa. Pdf hegemonic stability theory and nineteenthcentury. They note a general decline in united states hegemonic position, based on several economic indicators, such as, relative share of the global economy, and fdi. 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. By examining britains relative power yearbyyear rather than simply measuring the amount of conflict during british hegemony, spiezio. An analysis of the constraints provides a prerequisite for understanding the particular role of germany within the bargaining process over the rules of european exchange rate cooperation. Within the subdiscipline of international political economy ipe, the genesis of the concept of hegemony or leadership has two sources. This paper discusses the importance of the theory of hegemonic stability in. An empirical challenge to the hegemonic stability theory stephen j. South africa and the question of hegemony in africa olusola. Hegemonic stability theory posits that an assertive hegemon can act as a stabilizing force in the international system. Center for international and development economics.
Conversely, the absence of a hegemon is associated with disorder and undesirable outcomes. They note a general decline in united states hegemonic position, based on several economic indicators, such as, relative share of. The theory of hegemonic stability the theory of hegemonic stability probably remains the most popular and influential theory in the subject of international political economy today. Benefits of hegemonic stability theory benefits of. Pdf is economic hegemony necessary for maintaining open. The theory of hegemonic stability, hegemonic power and. Deductive conclusions and empirical implications kindleberger is the originator of the theory claims that a hegemonic. 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.
The neorealist hegemonic stability theory and its advocates. Hegemonic stability theories of the international monetary. The rise and fall of the usleadership in world economic relations julia schubert term paper politics international politics general and theories publish your bachelors or masters thesis, dissertation, term paper or essay. 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. Hegemonic stability theory essay example graduateway. According to this theory hegemonic stability indicates that the relationship in our international systems is likely to remain more stable when hegemon or a single nation. An empirical challenge to the hegemonic stability theory find, read and cite. 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. In contrast, the instability of the interwar goldexchange standard is attributed to the absence of a hegemonic power. An empirical assessment that one of the major challenges confronting researchers is in defining what constitutes hegemony webb and krasner,1989. The theory of hegemonic stability relies on multiple perspectives such as liberal, historical and structural sobel, 2012. Neoliberal political theorists believe that stability is more easily achieved when one and only one state has overwhelmingly dominant power over other states. Hegemonic stability theory and the evolution of the space.
The limits of hegemonic stability theory international. The south african state, which is the driving force for political, economic and foreign policy processes, is itself subordinate in relation to. Webb and krasner wrote in hegemonic stability theory. Jul 16, 2014 the theory of hegemonic stability relies on multiple perspectives such as liberal, historical and structural sobel, 2012. Is economic hegemony necessary for maintaining open trade.
Leadership, hegemony, and the international economy jstor. The extent to which a hypothesis regarding public goods or consumption is able to explain issues that are being seen within the realm of international politics. Hegemonic stability theory and the 20th century international. South africa and the question of hegemony in africa. Silvia and michael stanaitis school of international service american university 4400 massachusetts ave. The rise and fall of the usleadership in world economic relations schubert, julia on. 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. United states 1945 to 1971 based on petroleum and the internal combustion engine hegemonic pretender. Thus, the hegemon must induce or coerce other states to support the system. The thesis begins by defining the term space weapon. Public goods, and free rides, international studies quarterly, xxv 1981, pp.
Hegemonic stability theory been the focus of substantial scholarly attention in recent years. The system is a collective good which means that it is plagued by a free rider syndrome. The basic contention of the hegemonic stability thesis is that the distribution of power among states is the primary. Through the use of the hegemonic stability theory as a theoretical lens, this paper argues that nigerias foreign policy shows few signs of a continental hegemonic disposition. Hst is an attempt to 1 explain the historical specificity of the postwar liberal international economic order through a focus on the benign consequences of an uneven distribution of material power in the international system. May 28, 2010 webb and krasner wrote in hegemonic stability theory. Dec 14, 2016 neoliberal political theorists believe that stability is more easily achieved when one and only one state has overwhelmingly dominant power over other states. Reflections on financial instability and the need for an international lender of last resort december 9, 1996. The rise and fall of the usleadership in world economic relations. The limits of hegemonic stability theory are because it is limited to very special and specific conditions. This paper assesses the applicability of hegemonic stability theory to international monetary relations, approaching the question from both theoretical and empirical vantage points. The theory of hegemonic stability and embedded liberalism the case of the bretton woods system.
Pdf hegemonic stability theory and nineteenthcentury tariff. 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. This paper examines hegemonic stability theory, the concept in. Hegemonic stability theory hst is a hybrid theory that draws on the realist, liberal and historical structuralist perspectives. 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. May 19, 2015, subhasish, comments off on benefits of hegemonic stability theory. The theory of hegemonic stability, hegemonic power and international political economic stability assoc.
Hegemonic stability theory is a theory of international relations, rooted in research from the fields of political science, economics, and history. This paper discusses the importance of the theory of hegemonic stability in understanding the stability and instability in the international political economy. The hegemonic stability theory and the concept of nonpolarity the perceived decline in power of the united states as the reigning economic and military superpower has attracted great concern from scholars, who are interested in predicting the changes in the international power structure that the waning of u. Hegemonic stability theory and european monetary cooperation. 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. 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. The downside of this situation became apparent after the terrorist strikes on the world trade center, in 2001. Rethinking the hegemony stability theory interpretation. Noor mat yazid, programme of international relations, school of social sciences, universiti malaysia sabah, kota kinabalu, malaysia abstract. In defining hegemonic stability theory hst it is necessary to understand the meaning of hegemonic. As stated above, in the hegemonic stability theory, the main reason that dependent countries are willing to be led by the hegemon under his rule is that they can enjoy the public goods freely with free ride behavior, cutting down the cost while gaining more profits.
Perhaps for these reasons hegemonic stability theory has attracted an im. Snidal 1985 the limits of hegemonic stability theory. Thus, if krasners assessment of the role of military force in regime change. Hegemonic stability theory states the rules that are required in the maintenance of international. The theory of hegemonic stability is important in understanding the stability and instability in the international political economy. 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. 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. To analyze these data, regression analysis is an appropriate tool. The basic proposition of the theory, that an open or liberal international economic order requires the existence of a hegemonic or dominant power, retains. From theories of hegemony to hegemony analysis in international relations andreas antoniades. Hegemonic stability theory argues that a hegemon helps maintain both economic and political stability in the international order.
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. Its purpose is to examine the constraints to monetary cooperation in europe. They argue that the presence of this hegemon would eventually make the world a more peaceful place. The theory of hegemonic stability and embedded liberalism. 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. Hegemonic stability theory had its genesis to the great depression that hit united states in 1929. According to this theory hegemonic stability indicates that the relationship in our international systems is likely to remain more stable when hegemon or a single nation dominates the. Hegemonic sequence and war sequence hegemony war of.
A hegemonic state is one which is powerful enough to be capable of influencing the events throughout the world. Charles kindleberger is considered to be the inventor of this theory. Hst or hegemonic stability theory is a theory that deals with international relations. Oct, 2016 hegemonic stability theory is a theory of international relations, rooted in research from the fields of political science, economics, and history. According to the theory of hegemonic stability, the role played by a hegemonic power is very importance in creating stability in international politics and economy.1647 262 264 288 693 1481 1604 1207 875 874 768 1336 972 242 1157 1014 823 283 844 391 85 855 1076 1656 968 993 37 30 1591 934 721 7 12 1159 1165 1101 930 798 644 1067