mong states, Gilpin stated that, ultimately, it "rests on economic and military power. Prestige is the reputation for power, and military power in particular. . . . prestige refers primarily to the perceptions of other states with respect to a state's capacities and its ability and willingness to exercise its power. . . Prestige, rather than power, is the everyday currency of international relations . . . ."9 By contrast, Keohane contended that power is essential for the construction and maintenance of
regimes, and he accorded economic power a primary role in this context.10 Both Gilpin and Keohane recognized the significance of economic power in the creation and functioning of international regimes, Keohane, however, accorded economic power a much more central role than does Gilpin.
With respect to the rules that govern interactions between states, Gilpin held that they applied to (1) the conduct of diplomacy and
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