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Geoeconomics As A Tool Of Modern Geostrategy

Author

Listed:
  • Volodymyr Lipkan

    (V.M. Koretsky Institute of State and Law of the National Academy of Sciences of Ukraine, Ukraine)

  • Oksana Kuznichenko

    (Educational and Scientific Maritime Institute of Humanities, Odessa National Maritime University, Ukraine)

  • Andrii Ivanov

    (Educational and Scientific Institute of Information Technologies and Innovation Entrepreneurship, Odessa National Maritime University, Ukraine)

Abstract

The scholarly article presents different analytical approaches to modern understanding and manifestation forms of geoeconomics as a tool of geostrategy. It contains a comprehensive list of conceptual tools, empirical roots, and case studies on the political-economic essence of geoeconomics. The paper’s particular contribution is its direct connection with the practice and rooting of international political economy and poorly studied determination of geoeconomics with geostrategy in the evolving structure of the global world order and new vectors of geoeconomic dynamics of Ukraine. Based on the evolutionary method, the author has developed a matrix of approaches to understanding geoeconomics, demonstrated its progress, conducted a critical analysis of each of them, and put forward an original version and model of interpreting the relevant dynamic phenomenon following the strategic national interests of Ukraine. The myth of static assumptions about the existence of geoeconomics as a self-sufficient system that should have replaced geopolitics was debunked. Using the case study method, the key factors facilitating the geoeconomic expansion of China, the USA, and Russia are highlighted. Emphasis is placed on the role of other states in the formation of geoeconomics, and the issue of strategic autonomy is elucidated. The author justifies the genuine interest in geoeconomics as a component of geostrategy, demonstrates its determination, and specifies the main modern tools of geoeconomics. The impact of the military discourse on geoeconomics is proven, and the vectors of geoeconomic de-sovereignization of some countries in the context of economic globalization, geosecurity expansion, and the growing role of services in the GDP structure. The importance of studying the role of artificial intelligence, android robots and humanoids in GDP formation was separately emphasized; options of their influence on the world’s geoeconomics and the development of humanity as a whole amidst neo-economics are modeled.

Suggested Citation

  • Volodymyr Lipkan & Oksana Kuznichenko & Andrii Ivanov, 2023. "Geoeconomics As A Tool Of Modern Geostrategy," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 9(1).
    • Handle: RePEc:bal:journl:2256-0742:2023:9:1:13
    DOI: 10.30525/2256-0742/2023-9-1-113-123
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    References listed on IDEAS

    as
    1. Aggarwal, Vinod K. & Reddie, Andrew W., 2021. "Economic Statecraft in the 21st Century: Implications for the Future of the Global Trade Regime," World Trade Review, Cambridge University Press, vol. 20(2), pages 137-151, May.
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    More about this item

    Keywords

    geoeconomics; geostrategy of modern Ukrainian State; neoliberal globalization; geoeconomic security; neoclassical economics; economic ideology; economic transformations; strategic autonomy; geoeconomic development; post-neoliberal;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General

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