States increasingly practice power politics by economic means, as demonstrated by the accelerating use of economic sanctions against Russia and the Sino-Western trade and technology wars. In this new reality, geoeconomics – the use of economic power for geostrategic ends – has emerged as a central, but under-analyzed aspect of contemporary strategic competition. Drawing on insights from political economy and security studies, the GERI project develops a pioneering approach to analyze the use of geoeconomic power and its implications in world politics. This is done by (1) developing an empirically grounded understanding and measurement of geoeconomic power, including a novel Geoeconomic Power Index; (2) exploring how geoeconomic power is exercised in practice by major states and economic actors; and (3) investigating how the rise of geoeconomics is affecting the international economic order.

2023

2027