How would adherents of the theory of hegemonic stability explain the on-going global financial and monetary crisis and the increasing difficulties of negotiating global trade regimes?

How would adherents of the theory of hegemonic stability explain the on-going global financial and monetary crisis and the increasing difficulties of negotiating global trade regimes? Project description How would adherents of the theory of hegemonic stability explain the on-going global financial and monetary crisis and the increasing difficulties of negotiating global trade regimes?

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