class 14 hegemonic stability theory

Question 1

when do wars between the 2 most powerful sates happen?

Answer 1

then 2 sates are about to pass act other in power aka when one is in relative decline.

Question 2

what is the cycle of hegemonic power

Answer 2

around 100 years

Question 3

what are the characteristics of hegemonic power

Answer 3

1. naval power
2. commercial trade
3. Technology dominance

Question 4

why did the us economy crash in 1929

Answer 4

depend on loan from europe, they need funds from Germany, difficulty to see us market after the Smoot_Hawley Act in 1930, leading to cycle collapse

Question 5

according to Charles Kindleberger what are the 2 causes of the great depression

Answer 5

1. normal cycle of business that rises and falls.
2. the absence of hegemonic power

Question 6

by what are public good characterize by

Answer 6

1. nonrivalsness, a gain to a state does not cause loss to another
2. non exclusiveness: no sate can be excluded from the benefits of the public good

Question 7

what is the role of the hegemonic power in the economic economy

Answer 7

1. provide lake resort, should provide low-interest counter-cyclical loans to desperate businesses and states
2. hegemonic is a market of last resort. protections to it market. Raise of tariff for foreign investors.

Question 8

whaat was the purpose of the establishment of UN

Answer 8

provide framework to support Worlds Bank and International Monetary Fund

Question 9

What does Joanne Gowa argues about the no need to have a hegemonic

Answer 9

1. free trade is a myth
2. free trade not a public good
3. smaller sates can cooperage to minion public good