Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/312074 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 11564
Publisher: 
CESifo GmbH, Munich
Abstract: 
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 embargoes. Second, the geopolitics of international trade, especially recent work on coercion and fragmentation. Third, research on the geopolitics of international finance, which focuses on currency dominance and state-directed capital flows. Fourth, the literature on geopolitical risk and its spillovers to the domestic economy, e.g. on investments, credit, and inflation. Fifth, the economics of war, in particular research on trade and war and on military production. As geopolitical tensions grow, we expect the field to grow substantially in the coming years.
Subjects: 
geoeconomics
geopolitics
political economy
power
trade
international finance
war
sanctions
coercion
JEL: 
F01
P45
D74
H56
N40
F10
F20
F30
Document Type: 
Working Paper
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