“Hegemonic Decline” as It Relates to the History, Structure and Transformation of...

INTRODUCTION How the world is organized and structured is based on how record unwinds and facts are constructed at any point in sentence and how that account leaves marks and patterns for future generations. International Relations theorists including George Moldeski examine to explain through the paradigm of long-cycle theory why every power the last 500 years, nation - pass ons have risen and pull down as world leaders and how this has impacted on the history and structure of the orbicular policy-making thrift defined hither as the patterns of political and economic interaction among actors in the global arena. Hegemony is a term widely used in world(prenominal) relations theory to describe the most powerful distinguish in the international system or the dominant state in a particular region at a particular period of time (Baylis and Smith 2006, 235). Hegemony can excessively be described as the ability to dictate or at least dominate the rules and arrangements by which international relations, political and economic are conducted. In the world economy this occurs when a single great power has been able harness fit material resources so that it can dominate the international give ear of raw materials, capital and trade. The hegemon is then able to promote rules for the inbuilt global system and to protect its interests.

Hegemons such as the joined States (and Great Britain before it) whose domestic economies are based on capitalist principles, have championed liberal international economic systems because their great control of technology, capital, and raw materials has given them more opportunities to profit from a system free of mercantilist restraints (Kegley and Wittkopf 2001, 311). The world-systems approach to the global political economy states that the existing capitalist world order has been in place for the past 500 years and is based on a hierarchical economic and political structure with a centre, interference fringe and semi-periphery with the centre countries being the strongest... If you want to get a safe essay, order it on our website: Ordercustompaper.com

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