Experts Explain | Adam Tooze | What is the polycrisis?

Geo-economics

Geo-economics, or the application of power politics by economic means, is a contest waged via global trade and investment rather than on a traditional battlefield. Countries have been increasingly participating in this form of active economic intervention by applying sanctions, export controls, and subsidies, while developing investment-screening mechanisms and data-localization measures. In general, there is a growing concern about the security risks posed by economic interdependence in terms of sovereignty and economic resilience. This convergence of economic and security thinking is placing added pressure on the norms and rules that have governed the global economy for decade...