Analytical Gains Of Geopolitical Economy

This book paves the way, advancing Geopolitical Economy as a new approach to the study of international relations and international political economy. Following on from the theoretical limitations exposed in Part I, in this volume the analytical limitations are explored.

This two part volume paves the way, advancing Geopolitical Economy as a new approach to the study of international relations and international political economy. They expose the theoretical limitations of the latter in Part I and the analytical limitations in Part II.

Geopolitical Economy radically reinterprets the historical evolution of the world order, as a multi-polar world emerges from the dust of the financial and economic crisis. Radhika Desai offers a radical critique of the theories of US hegemony, globalisation and empire which dominate academic international political economy and international relations, revealing their ideological origins in successive failed US attempts at world dominance through the dollar. Desai revitalizes revolutionary intellectual traditions which combine class and national perspectives on 'the relations of producing nations'. At a time of global upheavals and profound shifts in the distribution of world power, Geopolitical Economy forges a vivid and compelling account of the historical processes which are shaping the contemporary international order.

Starting from the key concept of geo-economics, this book investigates the new power politics and argues that the changing structural features of the contemporary international system are recasting the strategic imperatives of foreign policy practice. States increasingly practice power politics by economic means. Whether it is about Iran’s nuclear programme or Russia’s annexation of Crimea, Western states prefer economic sanctions to military force. Most rising powers have also become cunning agents of economic statecraft. China, for instance, is using finance, investment and trade as means to gain strategic influence and embed its global rise. Yet the way states use economic power to pursue strategic aims remains an understudied topic in International Political Economy and International Relations. The contributions to this volume assess geo-economics as a form of power politics. They show how power and security are no longer simply coupled to the physical control of territory by military means, but also to commanding and manipulating the economic binds that are decisive in today’s globalised and highly interconnected world. Indeed, as the volume shows, the ability to wield economic power forms an essential means in the foreign policies of major powers. In so doing, the book challenges simplistic accounts of a return to traditional, military-driven geopolitics, while not succumbing to any unfounded idealism based on the supposedly stabilising effects of interdependence on international relations. As such, it advances our understanding of geo-economics as a strategic practice and as an innovative and timely analytical approach. This book will be of much interest to students of security studies, international political economy, foreign policy and International Relations in general.

A fresh assessment of the neoliberal political economy behind Canadian foreign policy from Afghanistan to Haiti, Joining Empire establishes Jerome Klassen as one of the most astute analysts of contemporary Canadian foreign policy and its relationship to US global power. Using empirical data on production, trade, investment, profits, and foreign ownership in Canada, as well as a new analysis of the overlap among the boards of directors of the top 250 firms in Canada and the top 500 firms worldwide, Klassen argues that it is the increasing integration of Canadian businesses into the global economy that drives Canada's new, increasingly aggressive, foreign policy. Using government documents, think tank studies, media reports, and interviews with business leaders from across Canada, Klassen outlines recent systematic changes in Canadian diplomatic and military policy and connects them with the rise of a new transnational capitalist class. Joining Empire is sure to become a classic of Canadian political economy.

This book is a unique contribution to scholarship on the sources of the conflict in Ukraine. The volume brings together writers from Russia, Ukraine, Canada, the United States, Europe and Australia, many of whom attended a gathering of scholars and activists from all over Ukraine, held in Yalta, Crimea, just after the conflict in Eastern Ukraine erupted. Challenging both the demonization of Russia, which has become standard for Western writing on the topic, and the simplistic discourse of official Russian sources, this book scrutinises the events of the conflict and the motives of the agents, bringing to the fore the underlying causes of the most critical flashpoints of the post-Soviet world order. This volume offers a refreshing, profound perspective on the Ukraine conflict, and will be an indispensable source for any student or researcher. This book was originally published as a special issue of the journal International Critical Thought.

This revised and expanded book focuses on Hilferding's major work, Finance Capital. In revisiting this influential book from a methodological point of view, both historical and intellectual, the authors affirm Hilferding's place in the Marxist tradition. Hilferding's ideas are used to criticise incumbent approaches in economics and enrich existing discussions and debates about the nature of modern capitalism. In doing so, this book highlights the importance of Hilferding's work in analysing and understanding modern capitalism and corporate developments. New material looking at Hilferding’s economic journalism, debates around his work in Poland, and Eugene Varga’s perspective on his work is also included.The book aims to explore Hilferding’s central ideas on the political economy, as well as its historical context and relation to Marx. It will be relevant to students and researchers interested in the political economy, the history of economic thought, and European politics.

This volume seeks to explore Russia’s perceptions of the changing international system in the twenty-first century and evaluate the determinants of Russian motives, roles and strategies towards a number of contemporary regional and global issues. The chapters of the volume discuss various aspects of Russian foreign policy with regard to key actors like the U.S., EU and China; international organizations such as the BRICS, Shanghai Cooperation Organization, Eurasian Economic Union and Collective Security Treaty Organization; and a number of regional conflicts including Ukraine and Syria. The contributors seek to understand how the discourses of “anti-Westernism” and “post-Westernism” are employed in the redefinition of Russia’s relations with the other actors of the international system and how Russia perceives the concept of “regional hegemony,” particularly in the former Soviet space and the Middle East.