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At the Systemic Level, One of the Most Influential Theories

Question 46

Essay

At the systemic level, one of the most influential theories of global trade is hegemonic stability theory.
(a)Why is the presence of a global hegemon desirable? What benefits or goods do hegemons provide?
(b)Describe the problems that arise when the hegemon is no longer willing or able to effectively carry out its role.

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(a) The presence of a global hegemon is ...

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