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Explain the basic argument of the Hegemonic Stability theory
Read through the instruction document and please use the materials (reading and ppt) that are provided. Answer all questions in the instructions and no need for citations. Thank you so much. I urgently need it as soon as possible.
This is the prompt:
Explain the basic argument of the Hegemonic Stability theory. This is an important (probably the most important) part of the neo-realist paradigm of political economy; that being said, what are the common criticisms associated with the Hegemonic Stability theory (discuss 2 out of 3)? Finally, do you think this theory provides a convincing explanation for the development of world economy after the end of the Cold War? Why?