Which Country Will Be World’s Next Superpower – Free PDF Download

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Hegemonic Stability Theory

• Charles Kindleberger in his book, “The World in Depression 1929–1939” advanced an internationalist which held that “a world hegemon is necessary for a generally stable world economy”.
• A Hegemon will have control over the world affairs for long time provided they maintain
  1. Large political strength, military force, and superior national power
  2. Large and growing economy
  3. Great will to create hegemonic regime
  4. Great commitment to international order

Hegemonic Stability Theory

Why US on decline?

Ok.. So who is next Hegemon?

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