Hegemonic stability theory
A modern variation of Realism in International Relations Theory, holding that international security and stability are the result of determined action by a hegemon. According to this theory, a state that enjoys hegemony will create regimes to establish international norms in its favor. International agreements therefore favor the most powerful state; weak states benefit little if at all. An often-cited example is NAFTA, which can be interpreted as favoring American interests--supplying cheap labor for US companies and a larger market for the consumption of goods produced. A hegemon is defined as a state with the ability to create and enforce international norms, the will to do so, and decisive economic, technological, and military dominance.
External links
Summaries of International Relations Theories, http://www.irtheory.com/know.htm
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