Preeminent power and dominance by one nation on the global system is referred to as

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Hegemony refers to the leadership or dominance of one state or group over others. It is characterized by the exercise of power and influence by one country or group over others, usually through economic, political, and military means. World domination, international autocracy, and global dictatorship may be seen as extreme forms of hegemony, but they are not commonly used terms in international relations.

Preeminent Power and Dominance by One Nation on the Global