The Concentration of Capabilities and International Trade

Over the course of the previous two decades, political scientists have become increasingly interested in the relationship between international politics and global trade. Much of the literature on this topic centers on the effects of a hegemonic distribution of power on commerce. Hegemonic stability theorists argue that hegemony is a necessary condition for the existence of a liberal economic order and that in the absence of a hegemon, a liberal international economy is particularly difficult to establish and maintain. However, a growing number of theoretical and empirical critiques have been leveled against the gemonic stability theory, and the issue of whether hegemony helps shape patterns of global trade continues to be the topic of heated debate.