In international relations, the concept of balancing derives from the balance of power theory, the most influential theory from the realist school of thought, which assumes that a formation of hegemony in a multistate system is unattainable since hegemony is perceived as a threat by other states, causing them to engage in balancing against a potential hegemon.[1]
Balancing encompasses the actions that a particular state or group of states take in order to equalise the odds against more powerful states; that is to make it more difficult and hence less likely for powerful states to exert their military advantage over the weaker ones.[2]
According to the balance of power theory, states, motivated primarily by their desire for survival and security, will develop and implement military capabilities and hard power mechanisms in order to constrain the most powerful and rising state that can prove a potential threat.[3][4] This idea illustrates the concept of internal balancing, which is opposed to external, under which states come together and form an alliance to balance and gain more leverage over a dominant or rising power. In recent years, soft-balancing has emerged as a new concept of illustrating how states balance powerful actors, which advocates the use of economic and diplomatic tools to constrain the most powerful state and inhibit their exertion of power and dominance.