The Geoeconomic Turn of the Single European Market? Conceptual Challenges and Empirical Trends

The nature of global economic interactions is undergoing profound changes. Rising concerns over the security and strategic implications of economic interdependence are leading to what is often defined as a ‘geoeconomic world order’. In framing this Special Issue, this article sets a common conceptua...

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Bibliographic Details
Published inJournal of common market studies Vol. 62; no. 4; pp. 919 - 937
Main Authors Herranz‐Surrallés, Anna, Damro, Chad, Eckert, Sandra
Format Journal Article
LanguageEnglish
Published Oxford Blackwell Publishing Ltd 01.07.2024
Subjects
Accession
Economic integration
EU external economic policy
geoeconomics
geopoliticisation
geopolitics
Interdependence
Markets
single market
World order
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Summary:The nature of global economic interactions is undergoing profound changes. Rising concerns over the security and strategic implications of economic interdependence are leading to what is often defined as a ‘geoeconomic world order’. In framing this Special Issue, this article sets a common conceptual ground to assess whether, how and why the single European market is experiencing such a geoeconomic turn and how EU responses are shaping other international actors in the process. It develops a research agenda to examine (i) the systemic pressures pushing towards geoeconomic responses, (ii) the internal drivers and processes determining the nature of the EU's geoeconomic turn (what we term ‘shades of geopoliticisation’) and (iii) the external consequences of the EU's embrace of geoeconomics. The analytical discussion is complemented by an overview of empirical trends, drawing examples from the various fields of market integration and European policy‐making covered in the contributions to this Special Issue.
ISSN:0021-9886
1468-5965
DOI:10.1111/jcms.13591