Wednesday, February 25, 2009

Hegemonic Stability

I'm reading about the "Theory of Hegemonic Stability" which states, in my own words, that if one person or nation in the group or coalition is considered the Hegemon, or the chief person, or at the top of the hierarchy, stability is more likely to be maintained as everyone defers or at least aligns their beliefs or actions to the Hegemon, thereby increasing cooperation potentially.

http://en.wikipedia.org/wiki/Hegemonic_stability_theory

The opposing theory is called the theory of international regimes. Not nearly as flowery in its title.

Anyway, not a bad starting point if I want to model the shareholders at some negotiation table with some support for my hierarchy whether it be financial, perceived, political, or otherwise. Clearly there must be one, if only a perceived one at a minimum.

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