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Revisiting the fallacies in Hegemonic Stability Theory in light of the 2007-2008 crisis : the theory’s hollow conceptualization of hegemony
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Gavris, Maria (2019) Revisiting the fallacies in Hegemonic Stability Theory in light of the 2007-2008 crisis : the theory’s hollow conceptualization of hegemony. Review of International Political Economy . doi:10.1080/09692290.2019.1701061 (In Press)
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WRAP-revisiting-fallacies-hegemonic-stability-light-crisis-hollow-hegemony-Gavris-2019.pdf - Accepted Version Embargoed item. Restricted access to Repository staff only until 10 June 2021. Contact author directly, specifying your specific needs. - Requires a PDF viewer. Download (1234Kb) |
Official URL: https://doi.org/10.1080/09692290.2019.1701061
Abstract
In light of the renewed popularity of Hegemonic Stability Theory (HST) in the context of governance debates in the aftermath of the 2007–2008 crisis, this paper revisits, from a conceptual angle, the shaky basis upon which the theory draws a causal link between hegemony and stability. The paper is a critique of HST as a theory of hegemony that contains an underdeveloped concept of hegemony only defined ex post, highlighting that it is precisely this hollow conceptualization that has allowed for the perceived compatibility between US power and stability at a point in time (the Bretton Woods years) to be erroneously generalized into a causal relationship. The paper also shows, via the example of Germany in the European Economic and Monetary Union (EMU), how inattention to the conceptual content of HST has permitted the heedless extension of a problematic understanding of hegemony through stability to cases of regional hegemony.
| Item Type: | Journal Article | ||||||
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| Subjects: | H Social Sciences > HF Commerce H Social Sciences > HG Finance J Political Science > JZ International relations |
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| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||
| Library of Congress Subject Headings (LCSH): | Hegemony, International relations, United Nations Monetary and Financial Conference (1944 : Bretton Woods, N.H.), European Economic and Monetary Union | ||||||
| Journal or Publication Title: | Review of International Political Economy | ||||||
| Publisher: | Routledge | ||||||
| ISSN: | 0969-2290 | ||||||
| Official Date: | 10 December 2019 | ||||||
| Dates: |
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| Date of first compliant deposit: | 5 December 2019 | ||||||
| DOI: | 10.1080/09692290.2019.1701061 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | In Press | ||||||
| Publisher Statement: | “This is an Accepted Manuscript of an article published by Taylor & Francis in Review of International Political Economy on 10/12/2019, available online: http://www.tandfonline.com/10.1080/09692290.2019.1701061 | ||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||
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