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Geo-economics and power politics in the 21st century : the revival of economic statecraft

Author: Mikael Wigell; Sören Scholvin; Mika Aaltola
Publisher: Abingdon, Oxon ; New York, NY : Routledge, 2018.
Series: Routledge global security studies.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Starting from the key concept of geo-economics, this book investigates the new power politics and argues that the changing structural features of the contemporary international system are recasting the strategic imperatives of foreign policy practice. States increasingly practice power politics by economic means. Whether it is about Iran's nuclear programme or Russia's annexation of Crimea, Western states prefer  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Geo-economics and power politics in the 21st century.
Abingdon, Oxon ; New York, NY : Routledge, 2018
(DLC) 2018012150
(OCoLC)1029091382
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Mikael Wigell; Sören Scholvin; Mika Aaltola
ISBN: 9781351172264 1351172263 9781351172288 9781351172271 1351172271 9781351172257 1351172255 135117228X 9781351172288
OCLC Number: 1044734307
Description: 1 online resource
Contents: Cover; Half Title; Book Title; Copyright; Table of Contents; List of figures; List of tables; List of contributors; 1 Geo-economic power politics: an introduction; Power politics by economic means; The rise of geo-economics since the early 1990s; Geo-economics as an analytical framework and strategic practice; References; 2 Geo-economics as a dimension of grand strategy: notes on the concept and its evolution; Introduction; Geo-economics in the context of grand strategy; Four generations of geo-economics; Conclusion; Notes; References 3 Interdependence as dependence: economic security in the age of global interconnectednessIntroduction; Sensitivity versus vulnerability interdependence; An increasingly interdependent world; Disruptive practices in the interdependent world; Conclusion; References; 4 Critical infrastructure in geostrategic competition: comparing the US and Chinese Silk Road projects; Introduction; US geo-economics in Greater Central Asia: the new Silk Road initiative; The transformation of the Silk Road strategy; China's geo-economic challenge: the Belt and Road initiative Comparing US and Chinese geo-economicsConclusion; Notes; References; 5 Germany's liberal geo-economics: using markets for strategic objectives; Introduction; Liberal geo-economics; Germany as a geo-economic power beyond the European Union; German geo-economics within the European Union; German neoliberalism; Conclusion; Notes; References; 6 The Russian 'pivot' to Asia-Pacific: geo-economic expectations and disappointments; Introduction; The trajectory of Russian geo-economic manoeuvring; The making of the gas mega-deal; Russia at the receiving end of Chinese geo-economics Russian recipes for mixing geo-economics with geopoliticsConclusion; Notes; References; 7 US grand strategy in flux: geo-economics, geopolitics and the liberal international order; Introduction; Geo-economics, geopolitics, geostrategy and grand strategy; Obama's grand strategy and beyond; China, the United States and the liberal international order; Conclusion; Note; References; 8 Leverage of economic sanctions: the case of US sanctions against Iran, 1979-2016; Introduction; Theories of sanctions; Sanctions phase 1: from 1979 to 1983; Sanctions phase 2: from 1984 to 2005 Sanctions phase 3: from 2006 to 2016The effect of sanctions on the Iranian economy; Conclusions; Notes; References; 9 Energy and the future of US primacy: the geostrategic consequences of the shale revolution; Introduction; The rise and potential decline of a superpower; The United States --
an energy superpower?; The myth of energy independence; Shale is a win-win for the United States; Energy as a foreign policy tool; Conclusion; Notes; References; 10 Learning geo-economics: China's experimental path towards financial and monetary leadership; Introduction
Series Title: Routledge global security studies.
Responsibility: edited by Mikael Wigell, Sören Scholvin, and Mika Aaltola.

Abstract:

Starting from the key concept of geo-economics, this book investigates the new power politics and argues that the changing structural features of the contemporary international system are recasting the strategic imperatives of foreign policy practice. States increasingly practice power politics by economic means. Whether it is about Iran's nuclear programme or Russia's annexation of Crimea, Western states prefer economic sanctions to military force. Most rising powers have also become cunning agents of economic statecraft. China, for instance, is using finance, investment and trade as means to gain strategic influence and embed its global rise. Yet the way states use economic power to pursue strategic aims remains an understudied topic in International Political Economy and International Relations. The contributions to this volume assess geo-economics as a form of power politics. They show how power and security are no longer simply coupled to the physical control of territory by military means, but also to commanding and manipulating the economic binds that are decisive in today's globalised and highly interconnected world. Indeed, as the volume shows, the ability to wield economic power forms an essential means in the foreign policies of major powers. In so doing, the book challenges simplistic accounts of a return to traditional, military-driven geopolitics, while not succumbing to any unfounded idealism based on the supposedly stabilising effects of interdependence on international relations. As such, it advances our understanding of geo-economics as a strategic practice and as an innovative and timely analytical approach. This book will be of much interest to students of security studies, international political economy, foreign policy and International Relations in general.

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