conomic 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 political intercourse among states, (2) the conduct of war between states, and (3) the con
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