Hegemonic stability theory suggests that the international system is most stable when a single nation-state holds the dominant power and enforces rules that benefit the global economy. This dominance helps maintain peace and order, enabling cooperation among states by reducing uncertainty and providing public goods such as security and open markets. The theory emphasizes the role of hegemons in shaping international institutions and norms, fostering a cooperative environment necessary for economic growth.
congrats on reading the definition of hegemonic stability theory. now let's actually learn it.