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Geoeconomics Geoeconomics
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Geoeconomic Capabilities: Nature and Nurture Geoeconomic Capabilities: Nature and Nurture
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The United States and China’s Engagement Today The United States and China’s Engagement Today
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Mercantilism Mercantilism
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Economics and Geography: The Belt and Road Strategy Economics and Geography: The Belt and Road Strategy
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Geography and Security: The China Seas, Indo-Pacific, Eurasia, and Beyond Geography and Security: The China Seas, Indo-Pacific, Eurasia, and Beyond
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Security and Technology Security and Technology
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Technology, Surveillance, and Opinion Technology, Surveillance, and Opinion
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World Opinion and UN Bodies World Opinion and UN Bodies
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Four Scenarios for the Next Quarter to Half Century Four Scenarios for the Next Quarter to Half Century
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Scenario 1: Lingering Status Quo—Continuing but Constrained US-Led System Scenario 1: Lingering Status Quo—Continuing but Constrained US-Led System
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Scenario 2: Superpower Struggle—Prolonged Strategic, Ideological, and Commercial Competition Scenario 2: Superpower Struggle—Prolonged Strategic, Ideological, and Commercial Competition
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Scenario 3: New Cold War—Semiautarkic Blocs Scenario 3: New Cold War—Semiautarkic Blocs
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Scenario 4: A (Truly) Reshaped World Order—a Multipolar Top Table in a World of Checks and Balances and Reformed International Organizations Scenario 4: A (Truly) Reshaped World Order—a Multipolar Top Table in a World of Checks and Balances and Reformed International Organizations
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Moving On: A Framework Addressing Cooperative Institutions, Geopolitics, and Legitimacy Moving On: A Framework Addressing Cooperative Institutions, Geopolitics, and Legitimacy
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4 Geoeconomics within Geopolitics: China and the West Today, and Scenarios for Tomorrow
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Published:November 2022
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Abstract
This chapter covers the correlation between geoeconomics and geopolitics. It highlights how geoeconomics suffuses the tense relationship between the United States and China. According to Carl von Clausewitz, geoeconomics is the conduct of competitive foreign policy by economic means, so it must be distinguished from military and political action designed to reap economic benefit. The deployment of economic instruments, such as sanctions, tariffs, and other trade barriers, primarily defines geoeconomic policy. The chapter then considers the nature and nurture aspects of geoeconomic capabilities alongside their vulnerabilities. It also considers four broad scenarios that raise issues such as international institutions fitting with domestic governance.
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