The Political Economy of Geoeconomics: Europe in a Changing World

The Political Economy of Geoeconomics: Europe in a Changing World
Author: Milan Babić
Publisher: Springer Nature
Total Pages: 218
Release: 2022-10-13
Genre: Political Science
ISBN: 3031019687

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This book brings together researchers from different analytical perspectives for the study of contemporary geoeconomics to create a broader and more useful catalogue of conceptual tools, empirical entry points, and case studies around the subject. The distinctive contribution this book offers is its firm rooting in International Political Economy and the hitherto under-researched geoeconomics dynamics of Europe. Many existing accounts of geoeconomics have been developed in International Relations and often reproduce some of the state-centric and static assumptions of the discipline. Recent scholarship furthermore tends to focus on the US-China rivalry, thus discounting the role of other global powers in shaping geoeconomics. As a first collective contribution to the topic in the field of International Political Economy, the book stands to become a major reference point in the field for the coming years. Interest in geoeconomics as well as in related concepts like weaponized interdependence or emerging new rivalries has been on the rise in recent years and will be one of the key research areas in the coming decade of transition and change in Europe and beyond. Chapters 1, 2 and 7 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Europe as the Western Peninsula of Greater Eurasia

Europe as the Western Peninsula of Greater Eurasia
Author: Glenn Diesen
Publisher: Rowman & Littlefield
Total Pages: 253
Release: 2021-09-27
Genre: Political Science
ISBN: 153816177X

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Will the increased economic connectivity across the Eurasian supercontinent transform Europe into the western peninsula of Greater Eurasia? The unipolar era entailed the US organising the two other major economic regions of the world, Europe and Asia, under US leadership. The rise of “the rest”, primarily Asia with China at the centre, has ended the unipolar era and even 500-years of Western dominance. China and Russia are leading efforts to integrate Europe and Asia into one large region. The Greater Eurasian region is constructed with three categories of economic connectivity – strategic industries built on new and disruptive technologies; physical connectivity with bimodal transportation corridors; and financial connectivity with new development banks, trading currencies and payments systems. China strives for geoeconomic leadership by replacing the US leadership position, while Russia endeavours to reposition itself from the dual periphery of Europe and Asia to the centre of a grand Eurasian geoeconomic constellation. Europe, positioned between the trans-Atlantic region and Greater Eurasia, has to adapt to the new international distribution of power to preserve its strategic autonomy.

EU Geoeconomics

EU Geoeconomics
Author: Thomas Sattich
Publisher:
Total Pages: 0
Release: 2019
Genre:
ISBN:

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Existing EU study approaches have come under stress as comprehensive models of European politics. In this context, bilateral relations between EU members remain under-researched yet important for understanding the inner workings of the EU. While EU membership puts strong limitations on certain kinds of state behaviour it also leaves room for the pursuit of national interests through economic and legal means. Against this background, the article presents and develops the EU Geoeconomics Framework. Focussed on situations where state and companies share control over vital sectors of the national economy, this framework theorizes the relations between EU member states (MSs). After presenting the main assumptions and focus of EU Geoeconomics, the article develops six testable propositions. It then discusses these propositions as well as the fruitfulness of the framework against the latest developments in EU studies theory. The article concludes by pointing towards a renewed discussion of bilateral relations.

Russia's Geoeconomic Strategy for a Greater Eurasia

Russia's Geoeconomic Strategy for a Greater Eurasia
Author: Glenn Diesen
Publisher: Routledge
Total Pages: 355
Release: 2017-07-06
Genre: Political Science
ISBN: 1351815032

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Moscow has progressively replaced geopolitics with geoeconomics as power is recognised to derive from the state’s ability to establish a privileged position in strategic markets and transportation corridors. The objective is to bridge the vast Eurasian continent to reposition Russia from the periphery of Europe and Asia to the centre of a new constellation. Moscow’s ‘Greater Europe’ ambition of the previous decades produced a failed Western-centric foreign policy culminating in excessive dependence on the West. Instead of constructing Gorbachev’s ‘Common European Home’, the ‘leaning-to-one-side’ approach deprived Russia of the market value and leverage needed to negotiate a more favourable and inclusive Europe. Eurasian integration offers Russia the opportunity to address this ‘overreliance’ on the West by using the Russia’s position as a Eurasian state to advance its influence in Europe. Offering an account steeped in Russian economic statecraft and power politics, this book offers a rare glimpse into the dominant narratives of Russian strategic culture. It explains how the country’s outlook adjusts to the ongoing realignment towards Asia while engaging in a parallel assessment of Russia’s interactions with other significant actors. The author offers discussion both on Russian responses and adaptations to the current power transition and the ways in which the economic initiatives promoted by Moscow in its project for a ‘Greater Eurasia’ reflect the entrepreneurial foreign policy strategy of the country.

War by Other Means

War by Other Means
Author: Robert D. Blackwill
Publisher: Harvard University Press
Total Pages: 377
Release: 2016-04-12
Genre: Political Science
ISBN: 0674545982

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A Foreign Affairs Best Book of 2016 Today, nations increasingly carry out geopolitical combat through economic means. Policies governing everything from trade and investment to energy and exchange rates are wielded as tools to win diplomatic allies, punish adversaries, and coerce those in between. Not so in the United States, however. America still too often reaches for the gun over the purse to advance its interests abroad. The result is a playing field sharply tilting against the United States. “Geoeconomics, the use of economic instruments to advance foreign policy goals, has long been a staple of great-power politics. In this impressive policy manifesto, Blackwill and Harris argue that in recent decades, the United States has tended to neglect this form of statecraft, while China, Russia, and other illiberal states have increasingly employed it to Washington’s disadvantage.” —G. John Ikenberry, Foreign Affairs “A readable and lucid primer...The book defines the extensive topic and opens readers’ eyes to its prevalence throughout history...[Presidential] candidates who care more about protecting American interests would be wise to heed the advice of War by Other Means and take our geoeconomic toolkit more seriously. —Jordan Schneider, Weekly Standard

A Geo-Economic Turn in Trade Policy?

A Geo-Economic Turn in Trade Policy?
Author: Johan Adriaensen
Publisher: Springer Nature
Total Pages: 372
Release: 2022-02-05
Genre: Political Science
ISBN: 3030812812

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Contemporary trade policy is increasingly framed in geo-strategic terms. But how much of that rhetoric is reflected in actual policy choices by the EU or its trading partners? This book provides a first systematic study of the broader international context in which EU trade agreements are conceived, negotiated, and designed. Building on a refined conceptualisation of geo-economics, the book develops a cogent framework that combines insights from scholarship on the design of free trade agreements with ideas from foreign policy analysis. Empirically, the analysis focuses on the relations between the EU and the Asia-Pacific. Following the United States’ pivot to Asia and the EU’s Global Europe strategy, China’s backyard has become the main arena in which global powers’ geo-economic strategies overlap. Building on a series of case-studies, combining the perspectives from the EU and its trading partners, the book shows that the rhetoric of geo-economic competition is yet to catch up with the actual negotiation and design of free trade agreements. This volume will be of great interest to scholars, students and practitioners who want to gain a holistic understanding of contemporary trade negotiations.

Advances in Geoeconomics

Advances in Geoeconomics
Author: J Mark Munoz
Publisher: Routledge
Total Pages: 324
Release: 2017-02-17
Genre: Business & Economics
ISBN: 1315312123

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While geopolitics has captured global attention, geoeconomics is the often hidden force that governs countries’ relationships. It is the economic psyche that shapes the new world order. Geoeconomics refers to the intersection of economic factors, relationships and conditions on global events. A country’s political and business alignments have an impact on individuals, companies and on future economic stability. This book assembles leading scholars and experts from around the world to advance current thinking on geoeconomics. It is a thorough and authoritative reference work on world economics that aims to shape strategy formulation in business and government for years to come by expanding understanding on the topic of geoeconomics, analyzing the implications of international geoeconomic events, and providing the reader with theoretical and practical approaches on the management of geoeconomics. Geoeconomic concepts in this book will prove timely and highly insightful to students, academics, executives, entrepreneurs, government officials, consultants and policymakers.

A case of ‘Geoeconomics’ in the 21st century. To what extent could the Transatlantic Trade and Investment Partnership (TTIP) contribute to a diversification of the EU's energy supply?

A case of ‘Geoeconomics’ in the 21st century. To what extent could the Transatlantic Trade and Investment Partnership (TTIP) contribute to a diversification of the EU's energy supply?
Author: Benedikt Weingärtner
Publisher: GRIN Verlag
Total Pages: 18
Release: 2017-07-18
Genre: Political Science
ISBN: 3668486778

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Seminar paper from the year 2017 in the subject Politics - Topic: International Organisations, grade: 14/20 ("gut"), College of Europe, language: English, abstract: Since the end of the Cold War, military capacities as a means of geopolitical power have been considered to become less important in favour of economic issues. But even though the latter do not have the same obvious striking force as gun power, certain economic aspects can also represent a fundamental element of national security. For the European Union, one of ‘well identified areas’ in order to protect the economy is energy supply, respectively energy security. Since the number of countries that deliver most of the oil and gas to the EU is very small and some of them are involved in geopolitical quarrels, the EU seeks to diversify its energy supplier structure. One opportunity to do so might be the Transatlantic Trade and Investment Partnership (TTIP). In this paper, I argue that TTIP is supposed to be, among others, a geoecomomic tool of the EU in order to diversify its energy suppliers and to reach more energy security, but this will only work on a medium to long term perspective and to a limited extent.

The Geoeconomic Diplomacy of European Sanctions

The Geoeconomic Diplomacy of European Sanctions
Author: KIM B. OLSEN
Publisher: Diplomatic Studies
Total Pages: 0
Release: 2022
Genre: Political Science
ISBN: 9789004518810

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When policy-makers opt for sanctions or other economic power instruments in response to geostrategic challenges, the stage is set for geoeconomic diplomacy. Challenging traditional conceptions about the interplay between governments and markets, this book sheds a new light on the diplomatic actors and processes that shape successful geoeconomic foreign and security policy-making. Unpacking the 'networked practices' through which diplomats advanced the early implementation of the European Union's far-reaching sanctions regimes against Russia and Syria, the book demonstrates how geoeconomic diplomats depend on their abilities to navigate in complex actor-networks in the interfaces between the public, private, and non-governmental realm.

Geoeconomic Fragmentation: What’s at Stake for the EU

Geoeconomic Fragmentation: What’s at Stake for the EU
Author: Chikako Baba
Publisher: International Monetary Fund
Total Pages: 40
Release: 2023-11-30
Genre: Business & Economics
ISBN:

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Geoeconomic fragmentation (GEF) is becoming entrenched worldwide, and the European Union (EU) is not immune to its effects. This paper takes stock of GEF policies impinging on—and adopted by—the EU and considers how exposed the EU is through trade, financial and technological channels. Motivated by current policies adopted by other countries, the paper then simulates how various measures—raising costs of trade and technology transfer and fossil fuel prices, and imposition of sectoral subsidies—would affect the EU economy. Due to its high-degree of openness, the EU is found to be exposed to GEF through multiple channels, with simulated losses that differ significantly across scenarios. From a welfare perspective, this suggests the need for a cautious approach to GEF policies. The EU’s best defence against GEF is to strengthen the Single Market while advocating for a multilateral rules-based trading system.