The notion of geoeconomics suggests several lines of inquiry into the nature of international relations and the international order.
As a strategic practice, geoeconomics turns our focus onto the strategies used by major powers in the intensifying great-power competition. How does geoeconomics as ‘the geostrategic use of economic power’ manifest itself in the strategies of actors such as China, the EU, India, Russia and the United States, and the relations between them? What does the rise of geoeconomic power politics mean for small and middle powers?
As the geoeconomic competition accelerates, what are the consequences for global governance and order? The increased convergence between economic and security thinking seems to be putting pressure on the laws and institutions that govern the international system, but the precise consequences are still unknown. Are we witnessing the emergence of a geoeconomic order? How does it function? What are its implications for international cooperation?
The development of geoeconomics as an analytical framework is still in its infancy. How can geoeconomics be further developed as an international relations (IR) theory? Current IR theoretical perspectives leave much of the interplay between economics and security unaccounted for. Geoeconomics holds great promise in this regard, but new analytical tools and concepts need to be developed to better understand the motivations and behaviour of major actors in this new geoeconomic era.