Open AccessTHE DEVELOPMENT OF GEO-ECONOMICS: A PATH TOWARDS AN INSTITUTIONAL LIBERALISM APPROACH
Author(s) -
Ricardo Vega
Publication year - 2021
Publication title -
austral
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.161
H-Index - 5
eISSN - 2238-6912
pISSN - 2238-6262
DOI - 10.22456/2238-6912.106430
Subject(s) - rivalry , principal (computer security) , economics , state (computer science) , liberalism , neoclassical economics , schools of economic thought , economic system , positive economics , political science , law , microeconomics , politics , algorithm , computer science , operating system
Geo-economics mostly fall into the realist paradigm of International Relations since it is understood as the use of economic means under strategic military logic as principal instruments of statecraft. However, geo-economics is neither caused by states alone nor driven by multipolar rivalry solely. Instead, geo-economics requires a framework of study which considers that there are countless links of interdependence in the global economy that must be taken into consideration to explain state behaviour. Institutional liberalism provides geo-economics theoretical grounds to maintain cooperation and responsibility as central components of geo-economics.