Abstract
Is consent a sure foundation upon which to build a stable world order? Under what conditions is it achieved? The burgeoning literature on international regimes and regime change is beginning to address the issue E. H. Carr raised over forty years ago. Hegemonic stability theory argues that a preponderance of power provides the basis for international order. Recent observers, however, have noted that order can break down even when the hegemon exercises dominance. Furthermore, stable collaboration can be achieved in the face of declining hegemony. The exercise of power alone cannot lead to a stable international order.