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The Evolutionary and Correlative SWOT Analysis in Geoeconomics: Examining the RCEP within Today’s Global Political Economy

Author

Listed:
  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

  • Kapaltzoglou, Foteini (Feni)

    (Democritus University of Thrace, Department of Economics)

  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

Abstract

We aim at presenting a dynamic interpretation and use of SWOT (evolutionary and correlative) as a strategic evaluation tool in geoeconomics, using the Regional Comprehensive Economic Partnership (RCEP) as an illustrative example. We identify the arising challenges and hazards by assessing the relative strengths and weaknesses of the RCEP, its participating countries, and the worldwide system. Our findings suggest that applying a correlative SWOT methodology in geoeconomics aids in gaining a well-rounded comprehension of the current stage of the new globalization. It appears that dynamic geoeconomics investigates contrasting opinions and objectives dialectically. We discover that, in comparison to other multilateral institutions, the RCEP’s objectives and aspirations lack substantial socioeconomic depth. This issue presents strategic dangers to the trade bloc’s endurance and socioeconomic viability.

Suggested Citation

  • Chatzinikolaou, Dimos & Kapaltzoglou, Foteini (Feni) & Vlados, Charis, 2023. "The Evolutionary and Correlative SWOT Analysis in Geoeconomics: Examining the RCEP within Today’s Global Political Economy," DUTH Research Papers in Economics 6-2023, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2023_006
    Note: In The 35th Annual EAEPE Conference on “Power and Empowerment in times of multiple crisis.” Leeds, UK. 13-15 September 2023
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    More about this item

    Keywords

    evolutionary SWOT evaluation; geoeconomics; geostrategic planning; global political economy; RCEP; economic development; new globalization;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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