Does Globalization Require a Hegemonic Power for Governance? Thesis My argument is that globalization probably does require a hegemonic power: at the present time, that hegemonic power is still the United States (at least militarily) and this will remain the case until transnational institutions become sufficiently powerful that they assume complete control over global affairs. In any case, a hegemonic power does keep the peace and it does ensure that rogue states recognize that there will be serious consequences if they act in an untoward manner – be it in the realm of economics or in the realm of military belligerence. Of course, one can just as easily argue that the flip side of the above thesis – the belief that hegemonic powers are...The end:
.....y: realism. New York: Columbia. Straus, J. (2007). The impact of the new world order on economic development: the role of the intellectual property rights system. European Review, 15(1): 47-63. Underhill, G.R.D., Blom,J. & Mugge, D. (2010). Global financial integration 30 years on. New York: Cambridge University Press. Underhill, G.R.D. & Zhang, X. (2008). Setting the rules: private power, political underpinnings, and legitimacy in global monetary and financial governance. International Affairs, 84(3): 535-554. Waltz, S. (1959). Man, the State and War. New York: Columbia University Press. Webb, A.K. (2006). The calm before the storm? Revolutionary pressures and global governance. International Political Science Review, 27(1): 73-92.