Geo-economics and Power Politics in the 21st Century: The Revival of Economic Statecraft, 1st Edition (Hardback) book cover

Geo-economics and Power Politics in the 21st Century

The Revival of Economic Statecraft, 1st Edition

Edited by Mikael Wigell, Sören Scholvin, Mika Aaltola


250 pages | 10 B/W Illus.

Purchasing Options:$ = USD
Hardback: 9780815397304
pub: 2018-07-26
SAVE ~$28.00
eBook (VitalSource) : 9781351172288
pub: 2018-07-06
from $27.48

FREE Standard Shipping!


Starting from the key concept of geo-economics, this book investigates the new power politics and argues that the changing structural features of the contemporary international system are recasting the strategic imperatives of foreign policy practice.

States increasingly practice power politics by economic means. Whether it is about Iran’s nuclear programme or Russia’s annexation of Crimea, Western states prefer economic sanctions to military force. Most rising powers have also become cunning agents of economic statecraft. China, for instance, is using finance, investment and trade as means to gain strategic influence and embed its global rise. Yet the way states use economic power to pursue strategic aims remains an understudied topic in International Political Economy and International Relations. The contributions to this volume assess geo-economics as a form of power politics. They show how power and security are no longer simply coupled to the physical control of territory by military means, but also to commanding and manipulating the economic binds that are decisive in today’s globalised and highly interconnected world. Indeed, as the volume shows, the ability to wield economic power forms an essential means in the foreign policies of major powers. In so doing, the book challenges simplistic accounts of a return to traditional, military-driven geopolitics, while not succumbing to any unfounded idealism based on the supposedly stabilising effects of interdependence on international relations. As such, it advances our understanding of geo-economics as a strategic practice and as an innovative and timely analytical approach.

This book will be of much interest to students of security studies, international political economy, foreign policy and International Relations in general.

Table of Contents

  1. Geo-economic Power Politics: An Introduction Sören Scholvin and Mikael Wigell
  2. Geo-economics as a Dimension of Grand Strategy: Notes on the Concept and Its Evolution Braz Baracuhy
  3. Interdependence as Dependence: Economic Security in the Age of Global Interconnectedness Christian O. Fjäder
  4. Critical Infrastructure in Geostrategic Competition: Comparing the US and Chinese Silk Road Projects Juha Käpylä and Mika Aaltola
  5. Germany’s Liberal Geo-economics: Using Markets for Strategic Objectives Hans Kundnani
  6. The Russian ‘Pivot’ to Asia-Pacific: Geo-economic Expectations and Disappointments Pavel K. Baev
  7. US Grand Strategy in Flux: Geo-economics, Geopolitics and the Liberal International Order Kari Möttölä
  8. Leverage of Economic Sanctions: The Case of US Sanctions against Iran, 1979-2016 Paul Rivlin
  9. Energy and the Future of US Primacy: The Geostrategic Consequences of the Shale Revolution Niklas Rossbach
  10. Learning Geo-economics: China’s Experimental Path towards Financial and Monetary Leadership Mikko Huotari
  11. Development Lending as Financial Statecraft? A Comparative Exploration of the Practices of China and Japan Mikael Mattlin and Bart Gaens
  12. China’s Economic Statecraft in Latin America: Geostrategic Implications for the United States Mikael Wigell and Ana Soliz Landivar
  13. Oil as a Strategic Means in Venezuela’s Foreign Policy: The Cases of ALBA and Petrocaribe, 1998-2013 Martha Lucía Márquez Restrepo
  14. India, Pakistan and the Contest for Regional Hegemony: The Role of Geo-economics Smruti S. Pattanaik
  15. Geo-economics and Geopolitics in Sub-Saharan African Power Politics Sören Scholvin
  16. Conclusion Sören Scholvin, Mikael Wigell and Mika Aaltola

About the Editors

Mikael Wigell is Senior Research Fellow at the Finnish Institute of International Affairs and Adjunct Professor in International Political Economy at the University of Tampere, Finland.

Sören Scholvin is Research Fellow at the Institute of Economic and Cultural Geography, University of Hanover, Germany.

Mika Aaltola is Director of the Global Security Programme at the Finnish Institute of International Affairs. He also works as Professor of International Relations at Tallinn University, Estonia.

About the Series

Routledge Global Security Studies

Global Security Studies is a series for cutting-edge monographs and books on international security. It emphasizes cutting-edge scholarship on the forces reshaping global security and the dilemmas facing decision-makers the world over. The series stresses security issues relevant in many countries and regions, accessible to broad professional and academic audiences as well as to students, and enduring through explicit theoretical foundations.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General
HISTORY / Military / General
POLITICAL SCIENCE / International Relations / General
POLITICAL SCIENCE / International Relations / Diplomacy
POLITICAL SCIENCE / Political Freedom & Security / International Security