The Geoeconomic Turn in International Trade, Investment, and Technology

Abstract

This thematic issue brings together a set of articles that empirically map the state of the ongoing geoeconomic turn in the global political economy from an International Political Economy (IPE) perspective. Changes in the <em>modus operandi</em> of the global political economy urge the development of new conceptual and theoretical tools in order to grasp the new geoeconomic reality of world affairs. At the same time, the contemporary study of geoeconomics remains theory-centered and focused on its security-dimension, thereby underplaying the empirical nuances and variegated aspects of these developments. We therefore make the case for an empirically grounded study of particular instantiations of the geoeconomic turn, which can then deliver insights for further theory-building. Likewise, many aspects of the geoeconomic turn cannot be explained by security-logics only, but have political economy roots that need to be brought to the foreground, as our various contributions show. Our thematic issue excavates these dynamics across four key challenges for the global economy and concludes that the geoeconomic turn is only starting to concretely (and partially) materialize and that these transformations, in many cases, tend to replicate existing power structures that lend more weight to capital(ist) interests related to profit-maximisation as compared to societal interests. We close by delineating prospects for further IPE research into the ongoing geoeconomic turn in the global political economy.