economic hegemony

Economic hegemony refers to the dominance of one country or group over others in the global economy, shaping trade rules, financial systems, and development standards to favor their interests. This powerful entity sets norms, influences markets, and can impact economic policies worldwide, often maintaining stability and growth for itself while indirectly affecting others' economic opportunities. It’s not just about economic size but also about having the influence to shape global economic practices and institutions in a way that sustains its leadership role.