The Theory of Hegemonic Stability and Changes in International Economic Regimes, 1967–1977

1996 ◽  
pp. 89-108 ◽  
Author(s):  
Robert O. Keohane
Keyword(s):  
International Economic ◽  
Theory Of Hegemonic Stability ◽  
Hegemonic Stability

scholarly journals Is it the end of North-American hegemony? A structuralist perspective on Arrighi’s systemic cycles of accumulation and the theory of hegemonic stability

2018 ◽  
Vol 38 (3) ◽  
pp. 434-449 ◽  
Author(s):  
MARCOS VINICIUS ISAIAS MENDES
Keyword(s):  
Multinational Corporations ◽  
North American ◽  
International System ◽  
The United States ◽  
The North ◽  
Global Power ◽  
Terrorist Groups ◽  
American Hegemony ◽  
Theory Of Hegemonic Stability ◽  
Hegemonic Stability

ABSTRACT The paper aims to present some aspects of the debate about the end of the hegemony of the United States, in light of the theories of systemic cycles of accumulation and hegemonic stability. Among the conclusions, the paper shows that the North-American hegemony is diminishing not only because of the emergence of new powerful countries, such as China, but because the international system, composed by new powerful actors such as multinational corporations, global cities, religious organizations and transnational terrorist groups, is diminishing the means by which the US has exercised its global power since the mid twentieth century.

Hegemonic stability theory and 19th century tariff levels in Europe

1983 ◽  
Vol 37 (1) ◽  
pp. 73-91 ◽  
Author(s):  
Timothy J. McKeown
Keyword(s):  
Nineteenth Century ◽  
Great Britain ◽  
Business Cycle ◽  
19Th Century ◽  
Stability Theory ◽  
Political Business Cycle ◽  
Theory Of Hegemonic Stability ◽  
Alternative Set ◽  
Hegemonic Stability

Although the theory of hegemonic stability has attracted an impressive array of adherents, current formulations leave many conceptual issues unresolved. Existing formulations also fail to draw from the theory any implications concerning the process by which a hegemonic state creates and maintains a regime. As an example, Great Britain is generally agreed to have been hegemonic in the nineteenth century, but Britain's behavior was generally inconsistent with that implied by a theory of hegemonic stability. I advance an alternative set of explanations for changes in international tariff levels based on the notion of a “political business cycle.”

scholarly journals A Theory of Hegemonic Stability in South American Regionalism? Evidence from the Case of Brazil in UNASUR and Venezuela in ALBA

2021 ◽  
Vol 43 (1) ◽  
pp. 55-76
Author(s):  
María Victoria Alvarez
Keyword(s):  
Regional Governance ◽  
South American ◽  
Regional Powers ◽  
Early 21St Century ◽  
Political Cycle ◽  
Policy Agendas ◽  
Theory Of Hegemonic Stability ◽  
The Relationship ◽  
Hegemonic Stability

Abstract Both Brazil and Venezuela structured their foreign policy agendas in the early 21st century on the projection of their respective leadership in regional schemes such as UNASUR and ALBA, respectively, following an intermediate hegemonic strategy. The loss of dynamism of these post-hegemonic initiatives problematizes the relationship between regional governance and the role of regional powers. ALBA is a scheme contingent on the political cycle and political voluntarism intrinsic in Venezuela’s leadership. The bloc has lost members and relevance in recent years. As for UNASUR, most of its member states have withdrawn from the bloc and it is currently not operating. In short, post-hegemonic proposals lose dynamism and support once the leadership that promoted them weakens. A certain ‘hegemonic stability theory’ contextualized to South America with regard to the leadership of Brazil and Venezuela in recent years seems to be fulfilled: the decline in power of these countries helps to account for political reversals and changes in regional governance.

scholarly journals Preferential Trade Agreements under Declining American Hegemony

2017 ◽  
Vol 9 (1) ◽  
pp. 163
Author(s):  
Kaoru Ishiguro
Keyword(s):  
Global Economy ◽  
Trade Agreements ◽  
Preferential Trade Agreements ◽  
Preferential Trade ◽  
American Hegemony ◽  
Trade Share ◽  
Theory Of Hegemonic Stability ◽  
Hegemonic Stability ◽  
Positive Effect

We examine the international determinants of the formation of preferential trade agreements (PTAs) according to the theory of hegemonic stability. The main conclusions are as follows. First, as the theory of hegemonic stability argues, the lack of a stable hegemon fosters the formation of PTAs. When hegemony is measured by trade share and investment share in the global economy, the erosion of hegemony fosters PTAs. Second, hegemony measured by GDP share has a positive effect on PTA formation; however, this measure is not consistent with the theory’s prediction. Third, improvement in the level of democracy worldwide is unrelated to the formation of PTAs.

Testing theories of regime change: hegemonic decline or surplus capacity?

1983 ◽  
Vol 37 (2) ◽  
pp. 157-188 ◽  
Author(s):  
Peter F. Cowhey ◽  
Edward Long
Keyword(s):  
Automobile Industry ◽  
Production Capacity ◽  
Economic Sectors ◽  
Regime Changes ◽  
Excess Production ◽  
Sectoral Change ◽  
The World ◽  
History Of ◽  
Theory Of Hegemonic Stability ◽  
Hegemonic Stability

Two theories explain changes in the international regimes for major economic sectors. A theory of hegemonic stability explains sectoral change as a consequence of ebbing hegemony; a theory of surplus capacity attributes regime shifts to a serious global problem with excess production capacity in the sector. The history of the world automobile industry shows that surplus capacity offers the better prediction and explanation for the timing of regime changes. However, a synthesis of the two theories is even more satisfactory. Hegemonic decline is a necessary but not sufficient condition for change. Surplus capacity, in the absence of a hegemon, creates the conditions necessary for change.

scholarly journals International Relations Theory in Flux in View of China’s ‘Peaceful Rise’

2008 ◽  
Vol 26 (1) ◽  
pp. 5-21
Author(s):  
Gordon Cheung
Keyword(s):  
International Relations ◽  
Soft Power ◽  
International Relations Theory ◽  
Second World War ◽  
Constructivist Approach ◽  
World War ◽  
Peaceful Rise ◽  
Theory Of Hegemonic Stability ◽  
Hegemonic Stability ◽  
Second World

This paper will first explore some essential theoretical backgrounds, which contribute to the understanding of the theory of hegemonic stability (a core strand of IPE theory) with a view to examine some empirical challenges of US hegemonic power after the Second World War. Secondly, it will go on to look at the notion of neo-liberalist regional development in East Asia to understand in what ways China’s entitlement creed has been increasingly instrumental in modifying the region institutional context. Third, it attempts to apply the constructivist approach in trying to locate the culturally embedded soft power entitlement of which China has been trying to capitalize on.

Disputing over international economic policy coordination: The ‘first generation' of models

2011 ◽  
pp. 23-46
Author(s):  
Gianfranco Tusset
Keyword(s):  
International Economic ◽  
Economic Policy ◽  
World War I ◽  
First Generation ◽  
Policy Coordination ◽  
Policy Makers ◽  
Significant Phenomenon ◽  
International Economic Policy Coordination ◽  
The 1960S ◽  
Hegemonic Stability

Although international economic coordination was one of the major questions arising in international economics after World War I, when the British hegemonic stability broke down, it mainly attracted the interest of economists from the 1960s onwards, as economic interdependence revealed itself to be a significant phenomenon, with an expansion of research during a period that began in the mid-1970s and ended in the late 1980s. During those fifteen years, a major theoretical effort yielded a significant body of literature which may be analyzed as an outcome, independently of its practical application. In fact, international economic policy coordination remained a speculative matter which, it seems, did not adequately support or persuade policy-makers to implement concrete economic coordination among countries. Far from explaining why this happened, a detailed investigation of the assumptions and logical aspects on which theories were grounded may provide insights into their practical workability.

Declining hegemony and assertive industrialization: U.S.-Brazil conflicts in the computer industry

1989 ◽  
Vol 43 (2) ◽  
pp. 207-238 ◽  
Author(s):  
Peter B. Evans
Keyword(s):  
Economic Policy ◽  
Domestic Politics ◽  
The United States ◽  
South American ◽  
Computer Industry ◽  
Foreign Economic Policy ◽  
Conflict Model ◽  
Theory Of Hegemonic Stability ◽  
Hegemonic Stability ◽  
Structural Conflict

Alternative explanations for the formation of U.S. foreign economic policy are explored using the acrimonious but inconclusive conflict between the United States and its largest South American ally over Brazil's restrictive policies toward the computer industry. After comparing a post-dependency/bargaining perspective, the theory of hegemonic stability, and Stephen Krasner's structural conflict model, the article argues that systemic perspectives on foreign economic policy must be complemented by an account of the interaction between the effects of international position and the dynamics of domestic politics. The resulting politicized state-centric approach, which integrates interest-based politics and ideologically defined state aims, is proposed as a means of more fully understanding the dilemmas of a declining hegemon.

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