Geo-economics, a thread/n

@Geoeconomics
@ACGlobalEcon
@CFR_CGS
@FIIA_fi
1/ What is geoeconomics?

The idea can be traced back to the works of MacKinder, more commonly known as the father of geopolitics

But the concept & #39;geoeconomica& #39; was introduced by Angel Bassols Batalla in his study of water distribution in Mexico

https://www.jstor.org/stable/40982730?seq=1">https://www.jstor.org/stable/40...
2/ Geoeconomics was popularized by @ELuttwak in @TheNatlInterest

Economic rivalry would take on features of military rivalry, producing & #39;the logic of war in the grammar of commerce& #39;

Economic interactions would be more conflict-ridden

https://www.jstor.org/stable/42894676?seq=1">https://www.jstor.org/stable/42...
3/ The title suggests a transition from geo-politics to geo-economics. That might have been @ELuttwak& #39;s world of the 1990s and early 2000s though it is clearly not the world of today
4/ The geo-economic world @ELuttwak proposes focuses on how economic competition breeds conflict due to the inner workings of the market, a useful antidote to the triumphalist view of interdependence in the 1990s
5/ Others too have viewed asymmetrical market interdependence as useful for understanding the history of geo-economics as a social scientific approach.

For a review, see @Mwigell & Søren Scholvin

https://www.tandfonline.com/doi/abs/10.1080/01495933.2018.1419729

More">https://www.tandfonline.com/doi/abs/1... on this.

But first, back to what & #39;geo-economics& #39; is
8/ Hirschman argued that the greater the rewards from trade, the greater a country’s dependence on trade, leaving it vulnerable to threats to restrict trade
9/ Twitterless Baldwin @Princeton sees “Albert Hirschman& #39;s landmark study of foreign trade as an instrument of statecraft” before outlining Hirschman& #39;s contribution to the study of foreign economic policy under conditions of asymmetrical dependence

https://www.jstor.org/stable/1962385 ">https://www.jstor.org/stable/19...
10/ Baldwin undertook in-depth analysis of economic statecraft, in his seminal book

https://press.princeton.edu/books/paperback/9780691204420/economic-statecraft

And">https://press.princeton.edu/books/pap... the use of economic sanctions and rewards to promote political goals garnered attention in the 1990s
14/ On financial sanctions Also see Saori N. Katada, Cynthia Roberts & Leslie Elliott Armijo

https://twitter.com/IAJournal_CH/status/1120698338817531904">https://twitter.com/IAJournal... @IAJournal_CH

& @daniel_mcdowell @RIPEJournal

https://www.tandfonline.com/doi/abs/10.1080/09692290.2020.1736126?journalCode=rrip20">https://www.tandfonline.com/doi/abs/1...
15/ Economic security, economic policies directed towards welfare goals, is also a form of geoeconomics

These concerns date back to the 1970s
16/ They have found a new expression in President Trump’s National Security Strategy, which states “economic security is national security” and the America First platform emphasizing economic threats to a nation’s welfare https://www.oxfordresearchgroup.org.uk/blog/is-the-trump-doctrine-sustainable">https://www.oxfordresearchgroup.org.uk/blog/is-t...
17/ Other economic juggernauts such as the European Union voice concerns about “economic sovereignty”

Chancellor Merkel’s Handlungsfähigkeit and President Macron’s Europe puissance économique
19/ Economic policies also target broader political goals, to preserve prosperity

@hanskundnani provides an interesting example of Germany& #39;s use of economic means to impose its political preference for a particular kind of policy, price stability

https://www.tandfonline.com/doi/pdf/10.1080/0163660X.2011.587950?needAccess=true">https://www.tandfonline.com/doi/pdf/1...
20/ Coming soon … What is geo-economic power?
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