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Which of the following is true about "Structural Power"? -

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Question

Which of the following is true about "Structural Power"?

Options

  • It is not a naval power of the hegemon that underwrites the law of the sea and ensures Freedom of navigation in international waters.

  • The US is present in all parts of the world, in all sectors of the world economy, and in all areas of technology.

  • The US share of the world economy remains an enormous 28 %. The US also accounts for 20 percent of world trade.

  • All the above

MCQ

Solution

The US is present in all parts of the world, in all sectors of the world economy, and in all areas of technology.

Explanation:

  1. The hegemon's naval power underpins maritime law and ensures freedom of navigation in international waters.
  2. The Internet is another example of global public good. We must not forget that the Internet is the direct result of a 1950s US military research project. The Internet is based on a global network of satellites, the majority of which are owned by the United States government.
  3. The United States is present in every part of the world, in every sector of the global economy, and in every field of technology.
  4. The United States' share of the global economy remains enormous at 28 percent. In addition, the United States accounts for 15% of global trade.
  5. The Bretton Woods system, established by the United States after World War II, remains the foundation of the global economy. American hegemony produced the World Bank, International Monetary Fund (IMF), and World Trade Organization (WTO). The Master of Business Administration degree is a classic example of the United States' structural power (MBA).
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Hegemony
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