A Modified Theory of Hegenmonic Stability.
Abstract
This thesis attempts to present a testable, parsimonious, economic and quantitative theory of hegemonic stability that is able to explain and predict the trade policies of each of the major actors in the international economic system from 1870 to 1986. To accomplish this goal, David Lake's version of hegemonic stability theory was modified by adding a security variable that took national security interests into account. Testing the theory required the historical examination of trade policies and national security interests of the major states in the international economic system. The results of the thesis indicate that national security interests are of vital importance in the formation of a state's foreign trade policy. The ultimate conclusion is that the modified version of hegemonic stability theory improves the predictability of trade policies from 71 percent to 97 percent, thereby validating the modification.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1994
- Accession Number
- ADA290019
Entities
People
- Vernon W. Conaway
Organizations
- Air Force Institute of Technology