Geoeconomics: The Variable Relationship Between Economics and Security

Abstract

There has been much consternation (particularly in the United States) about China’s use of geoeconomic strategies, meaning the “use of economic instruments to promote and defend national interests, and to produce beneficial geopolitical results.” Commentators have accused of China employing “debt-trap diplomacy” to gain control over strategic infrastructure abroad as part of its Belt and Road Initiative; using informal sanctions to coerce its neighbors; and establishing parallel international institutions, like the Asian Infrastructure Investment Bank, to undermine existing alternatives Show more