We review the literature on geoeconomics, defined as the field of study that links economics and geopolitics (power rivalry). We describe what geoeconomics is and which questions it addresses, focusing on five main subfields. First, the use of geoeconomic policy tools such as sanctions and...

Two phenomena are increasingly reshaping the world economy. One is the growing and well-documented importance of climate transition policies that differ across countries. The other is the stark rise of geoeconomic fragmentation (GEF) concerns. While differences in climate transition policies are...

Global events and geopolitical upheavals, from the COVID-19 pandemic to the US-China trade conflict and Russia-Ukraine war, have propelled the world towards geoeconomic fragmentation. This trend is exemplified by shifts away from free trade and globally integrated supply chains in favour of...

This book provides insights on the art of governing a state and managing its external relations from a wealth-power logic. It looks at ""economic statecraft"", which consists of wealth production, wealth mobilization, and wealth-power conversion by a state. This book reconceptualizes what...

What explains the US dollar's role in the global economy and the tensions affecting its likely persistence? Most analyses start from Triffin's dilemma, which accurately captured specific but partial tensions of a global monetary system based on essentially fixed exchange rates, gold backing for...

Purpose - This research aims to offers a new method for assessing geoeconomic risks in bilateral relations and evaluate the level of such risks from Vietnam's economic dependency on China. Design/methodology/approach - I apply descriptive analysis to identify asymmetrical dependency in...

As compared to the earlier generations of mobile communications (1G to 4G), the fifth one (5G) is a major business, regulatory, and technical discontinuity. Furthermore, unlike the previous generations, 5G is also much more of a geopolitical and geoeconomic battleground. These shifts are neither...

We study how disruptions to the supply of foreign critical inputs (FCIs) - that is, inputs primarily sourced from extra-EU countries with highly concentrated supply, advanced technology products, or which are key to the green transition - might affect value added at different levels of...

Geoeconomic fragmentation is on the rise amidst heightened geopolitical tensions and a surge in inward-looking policies to strengthen economic and national security. Focusing on trade and capital flows, this paper takes a closer look at the implications of geoeconomic fragmentation for the...

We review the literature on geoeconomics, defined as the field of study that links economics and geopolitics (power rivalry). We describe what geoeconomics is and which questions it addresses, focusing on five main subfields. First, the use of geoeconomic policy tools such as sanctions and...

The idea behind the BRICS began as a pure economic concept to acknowledge the growing weight of some major emerging economies. However, when it became a reality, it has evolved into a highly political - and less economic - concept. The BRICS, which has been expanded recently to BRICS+, has...

The world is witnessing growing turbulence stemming from geopolitics and a tangible threat of economic disintegration. There are some indications of globalization in retreat, international trade growth slowing down and a transition from optimizing efficiency of global value chains towards...

We study how disruptions to the supply of foreign critical inputs (FCIs) - that is, inputs primarily sourced from extra-EU countries with highly concentrated supply, advanced technology products, or which are key to the green transition - might affect value added at different levels of...

This paper studies the potential effects of geoeconomic fragmentation (GEF) in the sub-Saharan Africa region (SSA) through quantifying potential long-term economic costs. The paper considers two alternative GEF scenarios in which trade relations are fully or partially curtailed across world...

This paper applies the two-country open-economy model with trade in stocks and bonds of Coeurdacier et al. (2010) to quantify the loss of international diversification benefits for major advanced economies, which have a significant presence in international financial markets, under geoeconomic...

What explains the US dollar's role in the global economy and the tensions affecting its likely persistence? Most analyses start from Triffin's dilemma, which accurately captured specific but partial tensions of a global monetary system based on essentially fixed exchange rates, gold backing for...

The global economic environment has changed fundamentally over the past decade. Growing protectionism and geoeconomic tensions pose a major challenge, especially for the EU, whose foundations are based on openness, multilateralism, and cooperation. This policy brief presents four basic...

First signs of headwinds to the global economy from geoeconomic fragmentation are emerging. This paper takes an overview on what is the current understanding of the economic effects of geoeconomic fragmentation. The estimated and modelled economic effects of geoeconomic fragmentation and...

Stagnating globalisation, the possible weaponisation of dependencies by autocracies, and US-China tensions threaten to disrupt Germany's export-driven economic model. But German efforts to 'derisk' that model remain underdeveloped, as does its policy toolkit. Germany's most important trade...

We study how disruptions to the supply of foreign critical inputs (FCIs) -that is, inputs primarily sourced from extra-EU countries with highly concentrated supply, advanced technology products, or which are key to the green transition -might affect value added at different levels of...

This research paper inspects the emerging strategic role of the Chabahar and Gwadar ports in relation to the evolving geopolitical and geo-economic Sino-Indian relationship. Iran and India, as of 2016, have been bilateral partners in operations of Iran’s Chabahar Port. Meanwhile, Pakistan and...

This integrative review introduces the correlative and evolutionary perspective of SWOT as a strategic analysis mechanism of geoeconomics. We use the Regional Comprehensive Economic Partnership (RCEP) as a case study. Thus, we establish the emerging challenges and threats by correlating the...

Today’s global economy is marked by upheavals that are extensive, interconnected and unpredictable. Hot wars, cold rivalries, global pandemics, and disrupted supply chains are the realities for enterprises and governments. Geo-economics is a powerful and disruptive force shaping turbulent...

This paper studies the economic impact of fragmentation of commodity trade. We assemble a novel dataset of production and bilateral trade flows of the 48 most important energy, mineral and agricultural commodities. We develop a partial equilibrium framework to assess which commodity markets are...

After several decades of increasing global economic integration, the world is facing the risk of policy-driven geoeconomic fragmentation (GEF). This note explores the ramifications. It identifies multiple channels through which the benefits of globalization were earlier transmitted, and along...

Data on global trade as well as capital and labor flows indicate a slowdown, but not reversal, of globalization post the 2008-09 financial crisis. Yet profound changes in the policy environment and public sentiment in the largest economies over the past five years suggest the beginning of a new...

The changing dynamics and unpredictable forces of geo-politics and geo-economics have implications for leadership, politics, businesses and especially those in the financial and equity markets. However, these dynamics remain elusive to most business leaders who fail to adopt creative solutions...

Great powers are increasingly using their economic and financial strength for geopolitical aims. This rise of "geoeconomics" has the potential to reshape the international trade and financial system. This paper examines the role of domestic political economy forces in determining a government's...