Talk:Hegemonic stability theory
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Hegemonic stability theory says that the United States created a hegemony after 1945. The United States was a superpower but the existence of a rival superpower means that they were not hegemon. It became one after the collapse of the Soviet Union. Awis 04:25 18 July (UTC)
[edit] Awis is incorrect
The prior statement by Awis is incorrect. Awis cites that the Soviet Union was a rival superpower in existence with the U.S prior to the Soviet collapse. While it is true that the USSR was indeed a rival superpower, a key proponent to Hegemonic Stability Theory is that the dominant power must be committed to an open, liberal world economy based on nondiscrimination and free markets. The USSR although a dominant power, was not committed to free market economy. Therefore, the United States did indeed become a hegemon upon the establishment of the Bretton Woods international trade system that promoted the reduction of trade barriers, as well as the use of the dollar as a global reserve currency.(International Organizations, Karns & Minsk, pp. 48-49)--Rkanakas 06:35, 31 August 2006 (UTC)
