Rules governing international commerce often evolve according to the wishes of the powerful.
(a) How useful is hegemonic stability theory in accounting for the creation and stability of the postwar international economic regime?
(b) Describe the problems that arise when the hegemon is no longer able to effectively carry out its role.

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The Answer of Rules governing international commerce often evolve according to the wishes of the powerful.
(a) How useful is hegemonic stability theory in accounting for the creation and stability of the postwar international economic regime?
(b) Describe the problems that arise when the hegemon is no longer able to effectively carry out its role.

Rules Governing International Commerce Often Evolve According to the Wishes