Which of the following is correct option in respect of 'bandwagon strategy'?
Answer & explanation
Correct answer: option 3
Some people argue that it is strategically more prudent to take advantage of the opportunities that hegemony creates. For instance, raising economic growth rates requires increased trade, technology transfers, and investment, which are best acquired by working with rather than against the hegemon. Thus, it is suggested that instead of engaging in activities opposed to the hegemonic power, it may be advisable to extract benefits by operating within the hegemonic system. This is called the ‘bandwagon’ strategy.