GEOECONOMICS- A NEW DIRECTION IN THE CONDUCTION OF GEOPOLITICS AND INTERNATIONAL RELATIONS

Abstract

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.