Hegemony as a structural power implies economic perspective of world economy. It can be summed up in the following ways:
1. An open world economy requires a dominant power to support its creation and existence.
2. The hegemon must possess both the ability and the desire to establish certain norms for order and must sustain global structure i.e. Bretton Woods system set up by the US after Second World Wan
3. The US reflects this hegemony by providing the global public goods, those can be consumed by one person without reducing the amount of goods available for someone else.
4. A classical example of structural power of the US is the academic degree Master’s in Business Administration (MBA) to sharpen business skills in a University.
