The Geoeconomic world order

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      <subfield code="a">The Geoeconomic world order</subfield>
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      <subfield code="a">We appear to be entering into a new geoeconomic world order, characterized by great power rivalry between the United States and China and the clear use of economic tools to achieve strategic goals. This increased convergence of economic and security thinking and strategies is likely to lead to a signi..cant restructuring of the laws and institutions that govern international trade and investment. In the post-Cold War period, the old international economic world order ..ourished. It was characterized by a relative separation of the realms of security and economics; a primary focus on maximizing absolute economic gains; and a tendency to treat interdependence as a good that would facilitate the goal of increased economic ef..ciency. In the new geoeconomic world order, the balance and relationship between economics and security have changed. The new order is characterized by a higher degree of convergence between security and economics; a greater focus on relative economic gains given their implications for security; and increased concern over the security risks posed by interdependence in terms of undermining state control, self-suficiency and resilience.</subfield>
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