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Putting Economics Back into Geoeconomics

Author

Listed:
  • Clayton, Christopher
  • Maggiori, Matteo

    (Stanford University)

  • Schreger, Jesse

Abstract

Geoeconomics is the use of a country's economic strength to exert influence on foreign entities to achieve geopolitical or economic goals. We discuss how concepts of power in the political science and economics literature can be used to guide research on geoeconomics. Economic threats as a form of coercion have seen a recent resurgence. We show how different types of threats can be modeled using simple tools and discuss what channels their potential effectiveness is based on. We discuss important open questions for the future literature to pursue.

Suggested Citation

  • Clayton, Christopher & Maggiori, Matteo & Schreger, Jesse, 2025. "Putting Economics Back into Geoeconomics," SocArXiv cxrtz_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:cxrtz_v1
    DOI: 10.31219/osf.io/cxrtz_v1
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    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

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