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Evaluate the idea that a world hegemon creates stability in the global system. What are the pros and cons of this theory? If, as some political scientists predict, U.S. hegemony is coming to an end what does this mean for the global community as a whole? What system might take its place? In your opinion, will the world be better or worse off? Will the United States be better or worse off?
Market Structure
The organizational and other characteristics of a market, influencing the level of competition and pricing within the market.
Oligopoly
A market structure in which a few firms sell either a standardized or differentiated product, into which entry is difficult, in which the firm has limited control over product price because of mutual interdependence (except when there is collusion among firms), and in which there is typically nonprice competition.
Innovate
The act of introducing new ideas, devices, or methods to improve productivity, efficiency, or creating new products or services.
Innovation
The process of introducing new ideas, devices, or methods, often leading to technological progress or improved solutions.
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