Issues of Modern Geoeconomics

The rapidly changing political and economic landscape represents a combination of challenges and opportunities for new correlation of forces between the centers of influence, the emergence and growing activity of new players, the growing role of external factors. For about 20 years after the end of the Cold War, the global politics and economy were dominated by the United States, which had technological, economic, financial, military and political superiority. Being the first state to build post-industrial economy, the USA managed to create an efficient innovation system that provided leading American companies with dominance in the global markets for medium- and high-tech goods and services. The economic leadership of the United States is largely due to their dominance in the global monetary and financial system. In a new political and economic map one can see the loss of influence by Japan and the European Union, while new balance of economic forces emerges under the influence of the interaction and confrontation between the USA and China, as well as the growth of the Indian economy. The global map is undergoing serious changes under the pressure of proposed transregional metagroups and active integration processes as well growth of China's geo-economic activity. The increasing role of Asia-Pacific region in the global economy will especially become apparent as a result of the implementation of China's geo-economic ‘Belt and Road’ initiative. In globalized sectors there are transnational networks dominated by the largest TNCs. The political and economic interests of Russia require changes of the current economic policy and new geo-economic strategy both at the state and the largest companies level.

1. Baldwin R., Martin P. (1999). Two waves of globalization: superficial similarities, fundamental differences. NBER Working Paper no. 6904. Cambridge MA, National Bureau of Economic Research. 32 p.

2. Baykov A., Yermolayev A. (2015). Novyye liki integratsii [New integration faces] // Mezhdunarodnyye protsessy. Vol. 13. No. 40. P. 111–117.

3. Bogaturov A.D. (2017). Mezhdu siloy i vliyaniem gosudarstv [Between the power and influence of states] // Sravnitel’naya politika. Vol. 8. No. 1. P. 44–57.

4. Bogaturov A., Fenenko A. (2011). Postkrizisnyye trendy v mirovoy politike [ Post-crisis trends in world politics] // Svobodnaya mysl'. No. 2. P. 119–134.

5. Bulatov A. (2010). Sistema global'noy ekonomiki: algoritmy i vektory evolyutsii [System of global economy: algorithms and vectors of evolution] // Mirovaya ekonomika i mezhdunarodnyye otnosheniya. No. 2. P. 119–127.

6. Butorina O. (2015). Kak SSHA obespechili pobedu dollaru v Bretton-Vudse[ How the US secured the dollar in Bretton Woods] // Voprosy ekonomiki. No. 8. P. 58–72.

7. Kochetov E., Baydakov M., Konina N., Sel'tsovskiy V., Stolyarova N., Frolova E., Sapir. E. (2010). Geoekonimika i konkurentosposobnost Rossii. Nauchno-kontseptual'nyye osnovy geoekonomicheskoy politiki Rossii [Geoeconomics and Russia’s competitiveness. Scientific and conceptual foundations of Russia's geo-economic policy: report]. Moscow. 42 p.

8. Hsiung J. (2009). The Age of Geoeconomics, China’s Global Role, and Prospects of Cross-Strait Integration // Journal of Chinese Political Science. Vol. 14 No. 2. P. 113–133.

9. Kheyfets B. (2016). Novyye ekonomicheskiye megapartnerstva i global'naya ekonomika [New economic mega-partnerships and the global economy] // Mezhdunarodnaya zhizn'. No. 3. P. 127–146.

10. Konina N. (2009). Global'naya proizvodstvennaya sistema kak istochnik konkurentnykh preimushchestv TNK [Global production system as a source of competitive advantages of TNCs] // Ekonomicheskiye nauki. No. 4 (53). P. 356–362.

11. Spark M. (2013). Introducing Globalization: Ties, Tensions and Uneven Integration. London, New York: Wiley- Blackwell, 2013. 508 p.