Hegemonic Stability Theory
패권안정론
An international political economy theory asserting that an open, stable global economy requires the leadership of a single dominant hegemonic power willing and able to provide international public goods.
| Field | International Relations · Economics |
|---|---|
| Level of analysis | Macro · Structures & Institutions |
| Paradigm | Realism Institutionalism |
| Key figures | 👤 Charles P. Kindleberger (찰스 킨들버거) 👤 Robert Gilpin (로버트 길핀) |
| Year | 1973 |
Key Claims
Charles Kindleberger and Robert Gilpin demonstrated that global economic stability is a public good susceptible to market and political failure. A liberal international economic order requires a hegemon capable of enforcing open trade rules, providing liquidity, acting as lender of last resort, and suppressing protectionist free-riding.
Further Reading
- Kindleberger, C. P. (1973). The World in Depression, 1929–1939. University of California Press.
- Gilpin, R. (1981). War and Change in World Politics. Cambridge University Press.
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