To explain the growth in free trade after World War II, barriers to increased free trade can only be overcome when a single state is powerful enough to persuade other states to go along. This is called the
A) costs and adjustments theory.
B) regionalization theory.
C) liberal trade theory.
D) hegemonic stability theory.

Question

Quizplus · Accepted Answer

The concept of a single state being powerful enough to promote and persuade other states to move towards free trade is a central tenet of the hegemonic stability theory. This theory suggests that a dominant state, or "hegemon," can use its influence to establish and promote an open and stable trading system. The period after World War II saw the United States emerge as the dominant economic and military power, and it played a key role in promoting international economic cooperation and the growth of free trade.

To Explain the Growth in Free Trade After World War