Research Paper on:
Globalization and the Hegemonic Stability Theory

Unformatted Sample Text from the Research Paper:
hegemony since the end of the Second World War and more recently since the end of the Cold War. For hegemonic stability to exist however several elements come into play  including the capability of the hegemon to enforce the rules of the system, the will to enforce the rules and the commitment of all member nation states to perceive that  the system is mutually beneficial to all. If any of these elements are weakened, then the stability of the hegemony is affected. Since the end of the Cold War, the  decline in the American economy has reversed and many nations view the United States as a "hyperpower" which exercises its control too liberally around the world. However, with an increased  resistance to American power, the stability of the hegemony becomes weakened thus being detrimental to the United States itself. In order to maintain American hegemonic stability, many critics believe that  systems are in place which will not create resentment against the United States. Some of these systems include foreign investment and influence on American policy and the strength of the  international institutions such as the United Nations, NATO, the World Bank, and the IMF among others. As is it within the U.S. own best interests to maintain the stability of  the hegemony, the promotion of globalization has become the major motivator for increased hegemonic stability. The Theory of Hegemonic Stability The theory of hegemonic stability is based on the central  idea of the stability of an international system which requires a "single dominant state to articulate and enforce the rules of interaction among the most important members of the system"  (Ferraro, 2003). In order to be a "hegemon" the state must be able to enforce the rules of the system; have the will to enforce the rules; and have a