Rules governing international commerce often evolve according to the wishes of the powerful. (a) How useful is hegemonic stability theory in accounting for the creation and stability of the postwar international economic regime? (b) Describe the problems that arise when the hegemon is no longer able to effectively carry out its role
What will be an ideal response?
At the systemic level, one of the most influential theories of global trade is hegemonic
stability theory. Hegemonic stability theory, which is also used in theories of global
conflict (see Chapter 7), is based on the proposition that free trade and international
peace depend upon a single predominant great power, or hegemon, that is willing and
able to use its economic and military might to enforce rules for international interaction.
A hegemon is much more than a powerful state; rather, it refers to an instance where
a single state has a preponderance of economic and military power, a dominant
ideology shared by the world, and the willingness to exert its power and influence.
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When political economists talk about fiscal policy, they are referring to all of the following EXCEPT ______.
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Most public managers do not need to concern themselves with the political environment in which their agencies operate
Indicate whether the statement is true or false.
Politics occurs whenever a solution to a problem requires cooperation even when that cooperation is which of the following?
a. achieved through force alone b. costly or difficult c. irrelevant to the success of the course of action d. already what everyone agrees on