A theory of hegemon-provoked instability, with an application to NATO and the Ukraine-Russia war

Mukesh Eswaran ()
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Mukesh Eswaran: University of British Columbia

Indian Economic Review, 2024, vol. 59, issue 2, No 2, 349-383

Abstract: Abstract This paper sets out a simple model of political realism where a nation’s security is deemed primary and examines the actions of a hegemon in seeking to protect its hegemony. Contrary to the received view that the presence of a hegemon is beneficial to the world in promoting prosperity and peace, in the contemporary scenario in which there has been a unipolar hegemon in the last three decades, it is in the interest of the hegemon to stir up instability elsewhere. The presence of a military-industrial complex is shown to benefit the hegemon through this instability, even at the expense of its allies. First, it induces greater defense expenditures on the part of its allies, which the hegemon can free-ride on and, second, it earns profits for the hegemon from the sale of weapons to its allies. The validity of the theory is shown in the case of the Ukraine-Russia war, in which NATO (comprising the hegemon, United States, and its allies in the European Union) are pitted against Russia. The paper casts serious doubt on the neoliberal justification that NATO offers for its expansionary actions eastward in Europe.

Keywords: Hegemony; Instability; NATO; U.S.; Russia; Ukraine (search for similar items in EconPapers)
JEL-codes: D61 D74 D78 P16 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s41775-024-00241-z

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