Valdai Paper #24: Geopolitical Economy: The Discipline of Multipolarity

22.07.2015

The 24th Valdai paper argues for a new academic discipline, geopolitical economy, which is better to understand the multipolar world, reconstruct its historical evolution and assess its progressive potential.

With growth in China and other emerging economies spreading productive and political power far beyond its original strongholds in the West and Japan, the idea that the world is fast becoming multipolar should be uncontroversial. But nevertheless, to the author’s mind, the two disciplines that study world affairs in the Western world, international relations (IR) and international political economy (IPE), failed to anticipate or explain this phenomenon. The author suggests to found a new discipline – geopolitical economy, best suited to informing institutions and practices that might exploit multipolarity’s potential for a more equal and just world.

The author of the article is Radhika Desai, Professor at the Department of Political Studies, Director of the Geopolitical Economy Research Group, University of Manitoba,Winnipeg, Canada.

Related articles

US-Russian Relations in 2017: Extreme Disappointment
09.01.2018
Disappointment—extreme disappointment—marks what the year 2017 has been in US-Russian relations. The relationship is stuck. The hole in which is stuck is deep and dark—and growing more so. Each side

Expert: 
Robert Legvold

Category:
Expert Opinions
The Korean Peninsula Crisis and the Role of Russia
13.12.2017
The situation of Korean Peninsula is more and more intensified and becomes very critical. In the progress of the crisis in the Korean Peninsula, Of course, North Korea and the United States are the

Expert: 
Xing Guangcheng

Category:
Expert Opinions
A Crisis of Perception and Reality in EU-Russia Relations
12.12.2017
EU and Russia do currently live and represent two distinct normative models in the world, and neither is likely to completely prevail over the other, believes Nathalie Tocci, Special Adviser to EU

Expert: 
Nathalie Tocci

Category:
Expert Opinions