Macro · Structures & Institutions Stub 1973

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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