GEOECONOMICS – A NEW DIRECTION IN THE CONDUCTION OF GEOPOLITICS AND INTERNATIONAL RELATIONS
Abstract: The modern world and the countries in it in the last twenty years have entered a new phase in which international politics and national security are increasingly inclined around economic interests. The shaping of the world stage and the key issues that arise from it will be left more and more to the economy. Heads of state in an effort to maintain or strengthen their position on the world stage seek to replace the declining role of geopolitics with geoeconomics in order to achieve national goals and interests.
If geopolitics and military power in the twentieth century were the main tool for achieving the goals and interests of states, that role is now in the twenty-first century left to geoeconomics and economic power. The goal has not changed at all, only the means have changed and thus their efficiency and effectiveness.
It is more than obvious that we are entering a phase when international politics and thus international relations are increasingly revolving around the economic interests of states. Economic diplomacy is becoming a key factor in shaping relations between states and other entities on the international stage. Geoeconomic competition is an unfair competition where the rules and ideologies on which the economy is based do not apply. Empirically, geoeconomics is becoming a basic parameter of the international order, international hierarchy and relations between states.
Keywords: geopolitics, geoeconomics, geopolitical pressure, geoeconomics competition