How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic globalization,” built on two central premises: countries differ in their preferences over policies (such as the rule of law or regulatory frameworks) and trade between any...

Economic systems face critical challenges, including widening income inequality, unemployment driven by automation, mounting public debt, and environmental degradation. This study introduces Economocracy as a transformative framework aimed at addressing these systemic issues by integrating...

How do shifts in the global balance of power shape the world economy? We propose a theory of alignment-based “hegemonic globalization”, built on two central premises: countries differ in their preferences over policies (such as the rule of law or regulatory frameworks) and trade between any...

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...

This year’s Shanghai Cooperation Organization (SCO) summit in Tianjin marked the largest gathering in the organisation’s history, drawing more than 20 heads of state and 10 representatives of international organisations. At the SCO+ session, China’s Head of State and Party Leader Xi...

This article analyzes the shifts in the global order that occurred in relation to governments' actions and their search for an increased global status within the capitalist global system. Examining the deliberate application of governmental economic interventions, the article examines how Brazil...

In light of recent global economic and geopolitical shocks threatening trade openness, this report aims to shed light on geoeconomic fragmentation and develops a rich set of new tools to assess its economic effects and implications for central banks. The report shows that, although global trade...

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 BRICS' expansion should be seen in the context of an ongoing challenge to the international order in general, and the West's competition with China and Russia in particular. China views the current difficulties of the liberal international order as a moment of "strategic opportunity,"...

The U.S.-China conflict is threatening continued global economic prosperity and this has inspired a variety of predictions and prescriptions on the future global order. This paper proposes a light model of global governance not only to form international agreements across countries but also to...

Until the beginning of this century, the GATT/WTO system worked. Economic research provided a compelling explanation. It showed that if governments maximize the well-being of their own countries broadly defined, GATT/WTO principles would facilitate mutually beneficial cooperation over their...

Is the World Trade Organization (WTO) and its rules-based system capable of addressing the distortions in trade caused by the explosive growth of China’s State-Owned Enterprises (SOEs)? If it is, why hasn’t it been put to use? If the WTO rules are not up to task, where and how do they need...

This Article contributes to the discussion about the development of international trade regulation of state interventionism by situating the tensions that exist about the future design of subsidies and state enterprises treaty regulation in the broader context of current systemic challenges to...

Korean Abstract 팬데믹과 러시아-우크라이나 전쟁은 포스트 냉전시대가 종료되고 신냉전시대가 시작되는 사건이었다. 글로벌 경제의 시각에서 볼 때 2001년 중국의 WTO 가입으로 완성된 세계경제의 통합에 균열이 일어나고...

The BRICs economies (Brazil, Russia, India and China) created a buzz with a strong run in the global expansion of the 2000s and the help of a little pumping up of their tires by Goldman Sachs analysts who projected these economies would surpass the advanced countries within a few decades. The...

The year 2022 has been dubbed “the year AI got smart”. The year 2023 meanwhile is witnessing an explosion of concern about the governance of AI as large language models bring the science fiction future into everyday reality. Developments include a call from Geoffrey Hinton, one of the...

Professor Tom Ginsburg has produced yet another classic of transnational law, political science, and international relations. Democracies and International Law yields important insights into the democratic nature of international law but cautions that authoritarian states can apply these very...

The present chapter is premised on the assumption that the promotion of liberal market values is an essential objective of the international economic order, but that so too is (and will be) the preservation of institutional diversity and the capacity for institutional innovation, against which...

Introduction -- Part I. General economic issues -- Chapter 1. World Economy: Certain Trends and Their Possible Consequences -- Chapter 2. Geoeconomic imperatives and asymmetries for the development of the world economy today -- Chapter 3. The Influence of the Fragmentation of the World Economy...

"International trade and finance are becoming increasingly complicated, which poses many challenges for policymakers, business professionals, and academics. Understanding the intricacies of this global economic landscape is vital to navigating modern business and policy-making complexities....

Balancing theoretical and practice-oriented elements, this book introduces researchers, teachers, and students in international sustainable development law to the IFIs' safeguard policies. It also scrutinizes the case law of independent accountability mechanisms that interpret those policies and...

A retreat from the post-1990s model of deep economic integration was inevitable and is not necessarily a bad thing. Today’s worries about de-globalization should not blind us to the possibility that the present crisis may in fact produce a better globalization. This essay describes the...