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Geopolitical economy

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173:, making US hegemony impossible. Though it sought to emulate the sort of dominance Britain enjoyed in the nineteenth century in the twentieth, not only did the US have to lower its sights, forsaking the acquisition of a formal empire, and settling for making the dollar the world's money, geopolitical economy argues it failed to realise even this diluted ambition. Geopolitical economy articulates how these efforts foundered first on its deficits, as the 149:
states") are essential to preventing or counteracting imperialism. This tenet of geopolitical economy, the centrality of states throughout capitalism's history, leads geopolitical economy to conclude that ideas such as "globalization", in which no state matters, or those of "US hegemony" or "empire", in which only one does, were never accurate.
95:" as the Cold War ended. Desai's work has operationalized the term geopolitical economy into a full-fledged approach to understanding the international relations of the capitalist world. Her geopolitical economy approach has traced its roots in the works of Marx and Engels and other Marxists, linked that tradition to the 208:
and the centrality of developmental concerns to the foreground. It shows that the uneven and combined development of capitalism, the dialectic and contest between imperialism and anti-imperialism, has been the historical motor driving the evolution of the capitalist world and that, since the peak of
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In this struggle, geopolitical economy argues that in the dialectic between dominant states’ desire to maintain the unevenness of capitalism, and that of states resisting such domination through capitalist or socialist combined development, the latter has prevailed, in the long run and against great
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The "materiality of nations" also insists that, thanks to its contradictions, and resulting imperialism, capitalism is necessarily characterized not just by a state but by multiple states locked in struggle over uneven and combined development, or what geopolitical economy argues is the same thing,
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must be managed by social agents (pre-eminently states). Geopolitical economy therefore puts imperialism and anti-imperialism, whose interplay Leon Trotsky dubbed that of the Uneven and Combined Development of capitalism, at the heart of both IR and IPE as the motor that drives the international
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or otherwise, which have advanced development after them. Essentially, geopolitical economy argues that while imperialism seeks to produce and maintain the unevenness of capitalist development (development in capitalism's core and underdevelopment elsewhere), developmental states (or "contender
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in his work relating to human geography in a 1991 article seeking to designate an approach "which builds upon uneven development theory and which affirms, once again, the insistently spatial foundations of capitalist production, exchange, and regulation." Around the same time
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In proposing these theses, geopolitical economy seeks to make the emergence of multipolarity, which none of the orthodox theories of IR anticipated, comprehensible, and enables an appreciation of the potential in it since it brings the perspective of the
165:, the Dutch United Provinces, the United Kingdom and the United States – were never accurate. In relation to theories of hegemony, geopolitical economy argues that while British dominance, for a time, was inevitable given the historical priority of 115:
The three main components of the geopolitical economy analysis are the "materiality of nations" thesis, the argument that capitalism develops in an uneven and combined fashion resulting in the tendency towards
144:", focusing on the central role of states in the economic development of today's first world countries, which geopolitical economy understands as the imperial core of capitalism, and for any other countries, 161:
odds. That is why, geopolitical economy argues, ideas about the capitalist world expanding peaceably through markets or through a succession of hegemonies of leading capitalist states – the
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Saidi, Hamed. 2021. ‘The Geopolitical Economy of Chinese Influence in Iran: Empire of Capital and Uneven Development,’ PhD diss., Master Thesis, Leiden University, pp. 30–31.
46:(IR). Geopolitical economy's critique rests on a rejection of orthodox views of the world economy as a seamless whole, united either by markets or by a single leading state, as in 1097:
Montalbano, Giuseppe. 2015. ‘Geopolitical economy and competing capitalist blocs in the EU post-crisis financial regulation: two cases from the reform of the banking sector’,
185:, vast expansions of financial demand for the dollar to counteract downward pressure on the dollar thanks to the still effective Triffin Dilemma, on which it came to depend. 1210:
Silvius, Ray. 2015. ‘Understanding Eurasian integration and contestation in the post-Soviet conjuncture: Lessons from geopolitical economy and critical historicism’, in
62:" theories respectively. Instead, geopolitical economy emphasizes the interplay of political entities, namely, states, in the development of capitalism by going back to 192:, discourses articulating distinct phases of the US's increasingly desperate pursuit of its formatively vain hegemonic ambition. Globalization was the rhetoric of the 169:, so were challenges to it. By the late nineteenth centuries, such challenges, from the US, Germany and Japan, to name the most successful, had already created a 1167:
Rioux, Sébastien. 2015. ‘The collapse of “the international imagination”: A critique of the transhistorical approach to uneven and combined development’, in
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imperialism in 1914, combined development/anti-imperialism has increasingly prevailed, making for the more than century long trend toward multipolarity.
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Barredo-Zuriarrain, Juan. 2016. ‘The inherent instability of National Monetary Power in the 21st century: the Triffin Dilemma revisited,’ in
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Wolf, Christina. 2016. ‘China and latecomer industrialization processes in sub-Saharan Africa: a case of combined and uneven development’,
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Kurečić, Petar. 2015. ‘Geopolitical Economy: After US Hegemony, Globalization and Empire. The Future of World Capitalism, Radhika Desai’,
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relations of capitalism. In arguing that states are material agents, geopolitical economy also connects Marxism with the literature on "
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Geopolitical economy's "materiality of nations" thesis insists on the key role of states in capitalism based on an understanding of
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Glassman, Jim. 2018. ‘Geopolitical economies of development and democratization in East Asia: Themes, concepts, and geographies,’
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Hoffmann, Sophia. 2022. ‘The geopolitical economy of state-led intelligence-commerce: two examples from Iraq and West Germany,’
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Kurečić, Petar. 2015. ‘Geoeconomic and geopolitical conflicts: Outcomes of the geopolitical economy in a contemporary world,’
1152: 91:, economist and author of military-strategy books also made use of similar terms to proclaim a shift from "geopolitics" to " 1030:
Krpec, Oldrich, and Vladan Hodulak. 2015. ‘Military Power and Trade Policy–Roots of Contemporary Geopolitical Economy,’ in
1000:İşeri, Emre, and Volkan Özdemir. 2020. ‘Geopolitical Economy of Russia’s Foreign Policy Duality in the Eurasian Landmass’, 889:
Chadwick, Simon. 2022. ‘From utilitarianism and neoclassical sport management to a new geopolitical economy of sport,’
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Regmi, Sudeep. 2014. ‘“Geopolitical Economy: After Us Hegemony, Globalization and Empire” reviewed by Sudeep Regmi’,
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Gürcan, Efe Can. 2020. ‘The construction of “post-hegemonic multipolarity” in Eurasia: A comparative perspective,’
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Rolf, Steve. 2015. ‘Locating the state: Uneven and combined development, the states system and the political’, in
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Palludeto, Alex WA, and Saulo C. Abouchedid. 2016. ‘The currency hierarchy in center-periphery relationships’, in
552:"China and latecomer industrialization processes in sub-Saharan Africa: a case of combined and uneven development" 1127:
Parisot, James. 2015. ‘Expanding geopolitical economy: A critique of the theory of successive hegemonies’, in
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Desai, Radhika. 2015. ‘Marx and Engels Geopolitical Economy’, in Bagchi, Amiya and Chatterjee, Amita (eds.)
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https://valdaiclub.com/a/valdai-papers/valdai_paper_24_geopolitical_economy_the_discipline_of_multipolarity/
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Desai, Radhika (2015). "Marx and Engels' Geopolitical Economy". In Bagchi, Amiya; Chatterjee, Amita (eds.).
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Shariati, Shahrouz, and Masoud Ghaffari. 2019. ‘The Iran-Iraq War: Geopolitical Economy of the Conflict’,
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Reid, Ben. 2016. ‘China’s “South-South” trade: Unequal exchange and uneven and combined development’, in
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Finally, geopolitical economy argues that "globalization" and "US hegemony/empire" were not theories but
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Assa, Jacob. 2015. ‘Gross Domestic Power: Geopolitical Economy and the History of National Accounts’, in
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Luttwak, Edward N. (1990). "From geopolitics to geo-economics: Logic of conflict, grammar of commerce".
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Shariati, Shahrouz; Masoud, Ghaffari (2019). "The Iran-Iraq War: Geopolitical Economy of the Conflict".
70:, which geopolitical economy argues should be considered the first theories of international relations. 628:"The geopolitical economy of state-led intelligence-commerce: two examples from Iraq and West Germany" 414:"Geoeconomic and geopolitical conflicts: Outcomes of the geopolitical economy in a contemporary world" 1265: 1087:
McIntyre, Richard. 2015. ‘Combined development and the critique of international political economy’,
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Buzgalin, Alexander, Andrey Kolganov, and Olga Barashkova. 2016. ‘Russia: a new imperialist power?’,
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Lee, Seung-Ook. 2020. ‘China meets Jeju Island: provincializing geopolitical economy in East Asia’,
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Mundy, Jacob. 2023. ‘A Theoretical War: Accounting for American Imperialism in the Middle East,’
733: 645: 608: 533:"The Geopolitical Economy of Chinese Influence in Iran: Empire of Capital and Uneven Development" 467: 366: 319: 200:, and US hegemony/empire, a ruse for the projection of a flailing US power abroad unilaterally. 874: 598: 278: 1137:
Pratschke, Jonathan. 2015. ‘Clearing the minefield: State theory and geopolitical economy’,
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Desai, Radhika. 2021. ‘Marx’s Geopolitical Economy: “The relations of producing nations”’,
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https://marxandphilosophy.org.uk/reviews/7868_geopolitical-economy-review-by-sudeep-regmi/
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Harris, Jerry. 2015. ‘Geopolitical Economy: After US Hegemony, Globalization and Empire’,
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Desai, Radhika. 2015. ‘Introduction: The materiality of nations in geopolitical economy,’
339:"The US trade and budget deficits in global perspective: an essay in geopolitical-economy" 300:"The construction of "post-hegemonic multipolarity" in Eurasia: A comparative perspective" 174: 1230:
Winseck, Dwayne. 2017. ‘The geopolitical economy of the global internet infrastructure,’
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Van der Pijl, Kees. 2018. ‘A transnational class analysis of the current crisis,’ in
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Kristjanson-Gural, David. 2015. ‘Value and Method in Desai's Geopolitical Economy’,
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Van der Pijl, Kees (2018). "A transnational class analysis of the current crisis".
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Abbas, Mehdi. 2016. ‘Uneven and combined development in the Doha stalemate,’ in
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tradition and placed the dialectic of imperialism and anti-imperialism, or what
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Serfati, Claude. 2016. ‘EU integration as uneven and combined development’, in
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Desai, Radhika. 2015. ‘Geopolitical economy: The discipline of multipolarity,’
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Labrinidis, George. 2016. ‘Quasi-world money and international reserves’, in
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Lubbock, Rowan. 2018. ‘Geopolitical Economy and the Chimera of Hegemony’,
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https://studenttheses.universiteitleiden.nl/access/item%3A3210670/view
362: 448:"Marx's Geopolitical Economy: "The relations of producing nations"" 680:"Introduction: The materiality of nations in geopolitical economy" 487:"Introduction: The materiality of nations in geopolitical economy" 338: 908:
Geopolitical Economy: After US Hegemony, Globalization and Empire
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Bin, Daniel. 2016. ‘The politics of financialization in Brazil,’
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Geopolitical Economy: After US Hegemony, Globalization and Empire
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Geopolitical Economy: After US Hegemony, Globalization and Empire
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Geopolitical Economy: After US Hegemony, Globalization and Empire
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Geopolitical Economy: After US Hegemony, Globalization and Empire
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Geopolitical Economy: After US Hegemony, Globalization and Empire
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Geopolitical Economy: After US Hegemony, Globalization and Empire
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Geopolitical Economy: After US Hegemony, Globalization and Empire
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Geopolitical Economy: After US Hegemony, Globalization and Empire
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Geopolitical Economy: After US Hegemony, Globalization and Empire
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Hudson, Michael. 2016. ‘Ukraine and the new economic Cold War,’
120:, and geopolitical economy's skepticism towards theories of 875:
https://www.academia.edu/10789674/Fragility_of_US_Supremacy
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designed to encourage flows of foreign capital into the US
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as contradictory value production, and the fact that these
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Kellogg, Paul. 2015. ‘Contours of a Multipolar Century’,
107:, at the centre of the understanding of world affairs. 1214:, 30, Emerald Group Publishing Limited, pp. 237. 1197:, 30, Emerald Group Publishing Limited, pp. 258. 1181:, 30, Emerald Group Publishing Limited, pp. 114. 1161:, 30, Emerald Group Publishing Limited, pp. 162. 1131:, 30, Emerald Group Publishing Limited, pp. 156. 939:
https://doi-org.uml.idm.oclc.org/10.4324/9781315734705
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predicted, leading in 1971 to the end of the dollar's
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as a critique of contemporary mainstream theories of
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30, Emerald Group Publishing Limited, pp. 231.
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London: Pluto. 871:The Jordan Times 817: 816: 808: 802: 801: 793: 787: 786: 778: 772: 771: 763: 757: 756: 748: 742: 741: 709: 700: 699: 675: 669: 668: 660: 654: 653: 643: 623: 617: 616: 580: 574: 573: 571: 547: 541: 540: 528: 522: 521: 513: 507: 506: 482: 476: 475: 443: 434: 433: 409: 394: 393: 381: 375: 374: 334: 328: 327: 310:(2–3): 130–131. 295: 289: 288: 260: 251: 250: 249:. London: Pluto. 242: 236: 235: 223: 171:multipolar world 155:anti-imperialism 153:imperialism and 84:Stuart Corbridge 1286: 1285: 1281: 1280: 1279: 1277: 1276: 1275: 1251: 1250: 826: 824:Further reading 821: 820: 810: 809: 805: 795: 794: 790: 780: 779: 775: 765: 764: 760: 750: 749: 745: 711: 710: 703: 677: 676: 672: 662: 661: 657: 625: 624: 620: 605: 582: 581: 577: 549: 548: 544: 530: 529: 525: 515: 514: 510: 484: 483: 479: 445: 444: 437: 411: 410: 397: 383: 382: 378: 363:10.1068/d090071 336: 335: 331: 297: 296: 292: 285: 262: 261: 254: 244: 243: 239: 225: 224: 220: 215: 175:Triffin dilemma 113: 76: 17: 12: 11: 5: 1284: 1282: 1274: 1273: 1268: 1263: 1253: 1252: 1249: 1248: 1238: 1228: 1218: 1208: 1201: 1191: 1185: 1175: 1165: 1155: 1145: 1135: 1125: 1115: 1105: 1095: 1085: 1075: 1065: 1055: 1048: 1038: 1028: 1018: 1008: 998: 988: 984:, pp. 3. 982:Globalizations 978: 971: 961: 951: 941: 931: 921: 911: 904: 897: 887: 877: 867: 857: 847: 837: 825: 822: 819: 818: 803: 788: 773: 758: 743: 724:(4): 556–557. 701: 690:(4): 451–452. 670: 655: 632:Globalizations 618: 603: 575: 562:(2): 251–252. 542: 523: 508: 497:(4): 449–458. 477: 435: 424:(4): 524–525. 395: 376: 329: 290: 283: 252: 237: 217: 216: 214: 211: 137:contradictions 112: 109: 89:Edward Luttwak 75: 72: 15: 13: 10: 9: 6: 4: 3: 2: 1283: 1272: 1271:Globalization 1269: 1267: 1264: 1262: 1259: 1258: 1256: 1247: 1243: 1239: 1237: 1233: 1229: 1227: 1223: 1219: 1217: 1213: 1209: 1206: 1202: 1200: 1196: 1192: 1190: 1186: 1184: 1180: 1176: 1174: 1170: 1166: 1164: 1160: 1156: 1154: 1150: 1146: 1144: 1140: 1136: 1134: 1130: 1126: 1124: 1120: 1116: 1114: 1110: 1106: 1104: 1100: 1096: 1094: 1090: 1086: 1084: 1080: 1076: 1074: 1070: 1066: 1064: 1060: 1056: 1053: 1049: 1047: 1043: 1039: 1037: 1033: 1029: 1027: 1023: 1019: 1017: 1013: 1009: 1007: 1003: 999: 997: 993: 989: 987: 983: 979: 976: 972: 970: 966: 962: 960: 956: 952: 950: 946: 942: 940: 936: 932: 930: 926: 925:Valdai Papers 922: 920: 916: 912: 909: 905: 902: 898: 896: 892: 888: 886: 882: 878: 876: 872: 868: 866: 862: 858: 856: 852: 848: 846: 842: 838: 836: 832: 828: 827: 823: 814: 807: 804: 799: 792: 789: 784: 777: 774: 769: 762: 759: 754: 747: 744: 739: 735: 731: 727: 723: 719: 715: 708: 706: 702: 697: 693: 689: 685: 681: 674: 671: 666: 659: 656: 651: 647: 642: 637: 633: 629: 622: 619: 614: 610: 606: 604:9781351251945 600: 596: 592: 588: 587: 579: 576: 570: 565: 561: 557: 553: 546: 543: 538: 534: 527: 524: 519: 512: 509: 504: 500: 496: 492: 488: 481: 478: 473: 469: 465: 461: 457: 453: 449: 442: 440: 436: 431: 427: 423: 419: 415: 408: 406: 404: 402: 400: 396: 391: 387: 380: 377: 372: 368: 364: 360: 356: 352: 348: 344: 340: 333: 330: 325: 321: 317: 313: 309: 305: 301: 294: 291: 286: 284:9781315734705 280: 276: 272: 268: 267: 259: 257: 253: 248: 241: 238: 233: 229: 222: 219: 212: 210: 207: 201: 199: 195: 191: 186: 184: 180: 176: 172: 168: 164: 158: 156: 150: 147: 143: 138: 134: 129: 127: 123: 122:globalization 119: 118:multipolarity 110: 108: 106: 102: 98: 94: 93:geo-economics 90: 85: 81: 73: 71: 69: 65: 61: 57: 56:globalization 53: 49: 45: 41: 37: 33: 32:Radhika Desai 29: 25: 21: 1241: 1231: 1221: 1211: 1204: 1194: 1178: 1168: 1158: 1148: 1138: 1128: 1118: 1108: 1098: 1088: 1078: 1068: 1058: 1051: 1041: 1031: 1021: 1011: 1001: 991: 981: 974: 964: 954: 944: 934: 924: 914: 907: 900: 890: 880: 873:, 25 April, 870: 860: 850: 840: 830: 812: 806: 797: 791: 782: 776: 767: 761: 752: 746: 721: 717: 687: 683: 673: 664: 658: 631: 621: 585: 578: 559: 555: 545: 536: 526: 517: 511: 494: 490: 480: 455: 451: 421: 417: 389: 385: 379: 346: 342: 332: 307: 303: 293: 265: 246: 240: 234:(52): 47–48. 231: 227: 221: 202: 198:stock market 187: 159: 151: 130: 114: 101:Leon Trotsky 80:geo-politics 77: 35: 19: 18: 1266:Geopolitics 1151:, 3 March, 458:(1): 3–10. 206:Third World 126:US hegemony 48:free market 1255:Categories 213:References 190:ideologies 133:capitalism 111:Components 74:Background 52:free trade 42:(IPE) and 28:capitalist 947:, 46(1), 738:157588950 650:249328382 613:240304134 472:236225728 371:143669935 349:(1): 88. 324:228949715 179:gold link 146:socialist 539:: 30–31. 392:: 17–23. 60:hegemony 935:Marxism 351:Bibcode 103:called 58:" and " 34:in her 24:Marxist 736:  648:  611:  601:  470:  369:  322:  281:  734:S2CID 646:S2CID 634:: 3. 609:S2CID 468:S2CID 367:S2CID 320:S2CID 927:24. 599:ISBN 279:ISBN 124:and 726:doi 692:doi 636:doi 591:doi 564:doi 499:doi 460:doi 426:doi 359:doi 312:doi 271:doi 1257:: 732:. 720:. 716:. 704:^ 686:. 682:. 644:. 630:. 607:. 597:. 558:. 554:. 535:. 493:. 489:. 466:. 456:46 454:. 450:. 438:^ 420:. 416:. 398:^ 390:20 388:. 365:. 357:. 345:. 341:. 318:. 308:46 306:. 302:. 277:. 255:^ 232:14 230:. 157:. 128:. 50:, 740:. 728:: 722:6 698:. 694:: 688:6 652:. 638:: 615:. 593:: 572:. 566:: 560:7 505:. 501:: 495:6 474:. 462:: 432:. 428:: 422:6 373:. 361:: 353:: 347:9 326:. 314:: 287:. 273:: 54:"

Index

Marxist
capitalist
Radhika Desai
International political economy
International relations
free market
free trade
globalization
hegemony
classical political economy
theories of imperialism
geo-politics
Stuart Corbridge
Edward Luttwak
geo-economics
developmental state
Leon Trotsky
Uneven and combined development
multipolarity
globalization
US hegemony
capitalism
contradictions
developmental states
socialist
anti-imperialism
Italian city states
Britain's industrial revolution
multipolar world
Triffin dilemma

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