When Hedging Fails

Language: English

Published by Cambridge University Press, GB, 2026

1009638068 / 9781009638067

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Hedging has been widely viewed as an optimal foreign policy for small and middle powers. However, hedging was more effective in some cases than others and ultimately proved detrimental for certain states. This Element contributes to knowledge about hedging by explaining why some smaller powers can hedge successfully between competing great powers while others fail, suffering serious harm. It develops a theoretical model consisting of international-systemic and state-level variables that determine hedging outcomes. It then tests the model using cases in the post-Soviet space (Georgia, Ukraine) and Southeast Asia (Malaysia, Vietnam, the Philippines) exposed to great power rivalry but exhibiting different hedging outcomes. It shows that hedging failure occurs due to changes in three key variables - structural uncertainty, availability of protective options, and decisionmakers' geopolitical prudence - and interactions between them. The Element highlights the limits to smaller power hedging and argues that hedging should not be taken for granted.…

Title
When Hedging Fails
Author
Alexander Korolev
Publisher
Cambridge University Press, GB
Publication year
2026
Condition
New
Binding
Paperback
Language
English
ISBN 10
1009638068
ISBN 13
9781009638067
Item weight
119 grams

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