Define hegemony and explain its significance for Global World Order. (15)

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Define hegemony and explain its significance for Global Order. (15)

Hegemony is the leadership or dominance of one element of a system over others. When this definition is placed into the context of Global Politics, a hegemonic state is a leading state within a collection of states. Hegemonic status is distinct from Superpower Status whereby a state has large economic, military and cultural influence. The distinction arises as a result of hegemonic status being based upon the possession of structural power, particularly the control of economic and military resources. Enabling the hegemonic state to shape the preferences and actions of other states.  

Hegemony has great significance in respect of Global Order, increasingly in respect of Global Economic Stability, Global Political Structure and New World Order.

Firstly, hegemony has great significance in regards to Global Economic Stability. In accordance with the Hegemonic Stability Theory, a dominant military and economic power is necessary to ensure stability and prosperity in a liberal world economy. The theory has two components. Firstly, it recognises nationalism and protectionism are threats to a liberal world economy. An example of such threat being the “bigger thy neighbour” economic policies of the 1930's which caused the Great Depression. Therefore, a set of grand rules for economic competition are needed, focused upon upholding free trade. Secondly, a hegemonic stake is likely to be willing to establish and enforce the rules. Willing due to the fact as a hegemonic state its own interests coincide with those of the system itself. The hegemonic state has a crucial stake in the system, by ensuring the stability of such system the hegemon is attending to its own long term interests. The Hegemon's ability to do so stems from the fact as a hegemon, the state has the ability to deliver public goods. Goods that bring collective benefit, not benefit to merely the state responsible. Hegemonic states are able to act with “absolute gain” rather than “relative gain.” Smaller states are forced to act far more narrowly. To be a hegemon, a state must, have the power to enforce such stability rules, possess the will to use this power, whilst being committed to a system that brings benefit to the mass of states.

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In regards to Structural Power, a quality of a hegemonic state, a hegemonic state has great influence in the structure of the Global Politics and therefore a hegemonic state is significant in regards to Global Order. In context of the USA being the current world hegemon, the USA exercises disproportionate influence over many institutions held under the Global Political Structure umbrella. In regards to the USA, they have displayed great influence over institutions surrounding the issue of Global Economic Governance. The USA also heavily influence NATO. This influence has effect upon global economic decision making especially. The USA for ...

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