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Hegemonic stability theory (HST) is a theory of international relations, rooted in research from the fields of political science, economics, and history. HST indicates that the international system is more likely to remain stable when a single state is the dominant world power, or hegemon . [ 1 ]
He is well known for his role in developing what would become hegemonic stability theory, [1] [2] arguing that a hegemonic power was needed to maintain a stable international monetary system. [3] He has been referred to as "the master of the genre" on financial crisis by The Economist .
Robert Keohane coined the term Hegemonic stability theory in a 1980 article for the notion that the international system is more likely to remain stable when a single nation-state is the dominant world power, or hegemon. [10]
Robert Keohane's 1984 book After Hegemony used insights from the new institutional economics to argue that the international system could remain stable in the absence of a hegemon, thus rebutting hegemonic stability theory. [3] Keohane showed that international cooperation could be sustained through repeated interactions, transparency, and ...
Hegemonic stability theory Robert Gilpin ( / ˈ ɡ ɪ l p ɪ n / ; July 2, 1930 – June 20, 2018 [ 1 ] [ 2 ] ) was an American political scientist . He was Professor of Politics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University where he held the Eisenhower professorship.
A prominent theory in International Relations focusing on the role of hegemonies is hegemonic stability theory. Its premise is that a hegemonic power is necessary to develop and uphold a stable international political and economic order. The theory was developed in the 1970s by Robert Gilpin [73] and Stephen D. Krasner, [74] among others. It ...
Krasner was a key figure in establishing regime theory as a prominent topic of study in IR, in part through the 1983 edited collection International Regimes. [9] [10] Krasner is a key figure in the development of hegemonic stability theory. [2] [11] Krasner was influenced by Robert Gilpin. [6] He has written extensively about statehood and ...
Regime theory may appear to counter hegemonic stability theory sometimes, but realists also apply it within regime theory in order to explain change. When used in this way, realists conclude that a strong hegemon is what makes for a successful—i.e., robust, resilient—regime.