Abstract:Studies of hegemonic stability tend to specify periods when hegemony is present or absent in the world system. Periods in which hegemony is present are expected to exhibit openness for trade. Periods in which hegemony is absent should be associated with trade closure. Partially as a consequence of this nominal measurement strategy, scholars continue to be unsure whether hegemony and systemic leadership are linked to the openness of the world's trading system. We contend that analysts need to devote more attent… Show more
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