Hegemonic Stability Theory posits that international stability is more likely to be maintained when a single dominant power, or hegemon, is present in the global arena. This theory suggests that the hegemon's leadership can facilitate cooperation among states, reduce uncertainty, and provide public goods, such as security and economic stability, which can prevent conflict and encourage a stable international order. The presence of a hegemon contrasts with multipolar or bipolar systems, where power is distributed among multiple states, often leading to competition and instability.