Search results
Results From The WOW.Com Content Network
Organski first described power transition theory. [4]: 22 According to Organski in his textbook, World Politics (1958):An even distribution of political, economic, and military capabilities between contending groups of states is likely to increase the probability of war; peace is preserved best when there is an imbalance of national capabilities between disadvantaged and advantaged nations ...
Information asymmetry creates an imbalance of power in transactions, which can sometimes cause the transactions to be inefficient, causing market failure in the worst case. Examples of this problem are adverse selection, [1] moral hazard, [2] and monopolies of knowledge. [3]
The predominance of the balance of power in the practice of statesmen for three centuries … should not obscure the fact that throughout world history periods dominated by the balance-of-power policies have not been the rule. The balance of power scarcely existed anywhere as a conscious principle of international politics before 1500… [37]
Balancing can be carried out through internal or external efforts and means. Internal balancing involves efforts to enhance state's power by increasing one's economic resources and military strength in order to be able to rely on independent capabilities in response to a potential hegemon and be able to compete more effectively in the international system.
Both the Centrists and the Communists ended up holding the balance of power since either one could allow the government to cling onto power. Prime Minister Michel Rocard, a centre-left figure, formed a new government after the parliamentary elections, incorporating independent centre-right ministers to attract support from the Centrist Union group.
A good example for this kind of measurement is the Composite Indicator on Aggregate Power, which involves 54 indicators and covers the capabilities of 44 states in Asia-Pacific from 1992 to 2012. [25] Hard power can be treated as a potential and is not often enforced on the international stage.
The balance of threat theory modified realism (as well as the neorealism of Kenneth Waltz) by separating power from threat. In the balance of power theory, which had previously dominated realist analyses, states balance against others whose power (military capabilities) was rising. Greater power was assumed to reflect offensive intentions.
The European balance of power is a tenet in international relations that no single power should be allowed to achieve hegemony over a substantial part of Europe. During much of the Modern Age, the balance was achieved by having a small number of ever-changing alliances contending for power, [1] which culminated in the World Wars of the early 20th century.