Power politics by economic means: Geoeconomics as an analytical approach and foreign policy practice

Geographical economics is getting more and more attention from academia as it has a strong correlation with foreign policy practices and national security strategies. Unfortunately, there is no widely shared definition of global economics. This term is normally only used as a policy-oriented semi-scientific exit to create an audience slogan. This paper addresses this weakness of the prior art. The authors believe geographical economics as a foreign policy strategy refers to the application of economic instruments by the country to achieve strategic goals. As an analytical framework, global economics includes the realism of international relations. But it transcends the realism of international relations as it focuses on the geographical features inherent in foreign policy and international relations.

Broadly speaking, geoeconomics (and sometimes global economics) is a study of the spatial, temporal and political aspects of economics and resources. Formation of geopolitics as a geopolitical field is usually caused by a consultant Edward Lutwak and a French economist and political scientist Pascal Lolot. Azerbaijanian economist Vusal Gasimli defines earth economics as a study of economics, geography and politics (including economic analysis of planetary resources) in the "infinite cone" from the center of the earth to the universe.

What is Earth economics? Although the term geo - economics has become widespread, there is no consistent definition. Most commonly understood is to use economical tools to advance geopolitical goals. Other definitions reversed the purpose and means and emphasized how geopolitical power can be used for economic outcomes. Roughly speaking geographical economics can be seen as an interaction between international economics, geopolitics, and strategy. Robert Blackwell and Jennifer Harris are "wars by other means" and today's major global economic instruments, namely trade policy, investment policy, economic financial sanctions, monetary policy, energy and goods, aid and Some functions of the network are the same as in the past (auxiliary), but other functions are executed in a new (network) or different environments (energy)

Geographical economics is getting more and more attention from academia as it has a strong correlation with foreign policy practices and national security strategies. Unfortunately, there is no widely shared definition of global economics. This term is normally only used as a policy-oriented semi-scientific exit to create an audience slogan. This paper addresses this weakness of the prior art. The authors believe geographical economics as a foreign policy strategy refers to the application of economic instruments by the country to achieve strategic goals. As an analytical framework, global economics includes the realism of international relations. But it transcends the realism of international relations as it focuses on the geographical features inherent in foreign policy and international relations.

Power politics by economic means: Practice of global economics and foreign policy as an analytical method