Author profile: Rahul Prabhakar

Hegemonic Stability Theory and the 20th Century International Economy

Rahul Prabhakar • Jan 8 2010 • Essays

The theory of hegemonic stability does not explain the failure of the interwar and the success of the post-1945 international economic orders. Domestic influences upon international monetary cooperation in major states were a crucial determining factor in the global economic stability or lack thereof in the interwar and post-WWII periods.

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