An analysis of international economic power. Using as indicators the salient features of the economies of the major powers - the USA, Japan, the EU, Russia and China - it examines the concomitants of the new global system, dominated by economic rather than military considerations

The study of power is the nucleus of political science and international relations. As a shift of power from traditional industrial countries to emerging powers has been perceived since the turn of the century, this book aims to present innovative theoretical and empirical approaches that can increase our understanding of this transition. Scholars from the fields of international relations, international political economy, economics and security studies not only explore current theoretical debates on ‘power’ and ‘power shifts’ among entities, but also provide fresh insights into relevant aspects of international power in the 21st century. With a particular focus on aspects of international security, trade and production, new methods of identifying power and its sources are presented, and their potential implications and challenges are discussed.

War and Change in World Politics introduces the reader to an important new theory of international political change. Arguing that the fundamental nature of international relations has not changed over the millennia, Professor Gilpin uses history, sociology, and economic theory to identify the forces causing change in the world order. The discussion focuses on the differential growth of power in the international system and the result of this unevenness. A shift in the balance of power - economic or military - weakens the foundations of the existing system, because those gaining power see the increasing benefits and the decreasing cost of changing the system. The result, maintains Gilpin, is that actors seek to alter the system through territorial, political, or economic expansion until the marginal costs of continuing change are greater than the marginal benefits. When states develop the power to change the system according to their interests they will strive to do so- either by increasing economic efficiency and maximizing mutual gain, or by redistributing wealth and power in their own favour.

Starting from the key concept of geo-economics, this book investigates the new power politics and argues that the changing structural features of the contemporary international system are recasting the strategic imperatives of foreign policy practice. States increasingly practice power politics by economic means. Whether it is about Iran’s nuclear programme or Russia’s annexation of Crimea, Western states prefer economic sanctions to military force. Most rising powers have also become cunning agents of economic statecraft. China, for instance, is using finance, investment and trade as means to gain strategic influence and embed its global rise. Yet the way states use economic power to pursue strategic aims remains an understudied topic in International Political Economy and International Relations. The contributions to this volume assess geo-economics as a form of power politics. They show how power and security are no longer simply coupled to the physical control of territory by military means, but also to commanding and manipulating the economic binds that are decisive in today’s globalised and highly interconnected world. Indeed, as the volume shows, the ability to wield economic power forms an essential means in the foreign policies of major powers. In so doing, the book challenges simplistic accounts of a return to traditional, military-driven geopolitics, while not succumbing to any unfounded idealism based on the supposedly stabilising effects of interdependence on international relations. As such, it advances our understanding of geo-economics as a strategic practice and as an innovative and timely analytical approach. This book will be of much interest to students of security studies, international political economy, foreign policy and International Relations in general.

The study of power is the nucleus of political science and international relations. As a shift of power from traditional industrial countries to emerging powers has been perceived since the turn of the century, this book aims to present innovative theoretical and empirical approaches that can increase our understanding of this transition. Scholars from the fields of international relations, international political economy, economics and security studies not only explore current theoretical debates on ‘power’ and ‘power shifts’ among entities, but also provide fresh insights into relevant aspects of international power in the 21st century. With a particular focus on aspects of international security, trade and production, new methods of identifying power and its sources are presented, and their potential implications and challenges are discussed.

rofessor Gilpin uses history, sociology, and economic theory to identify the forces causing change in the world order.

This book considers the evolving relationship between China and the international system, and the interaction between a China of profound change in its identity, capability, and influence, and an international system that is itself experiencing a process of far-reaching transformation. It develops an analytical framework that allows us to capture, understand and explain a more dynamic pattern of agent-structure interaction in China’s relationship with the international system. By demonstrating a more dynamic and mutually constitutive relationship between China and the international system, the book explores the extent to which both transform themselves in the process, and provides a fuller and more effective assessment of the evolving nature of the relationship. In doing so, it addresses key issues in the current literature on the relationship of China and the international system, and helps close the gap in our knowledge of the conditions and consequences of change and stability in the international system as a result of the change in distributions of power, capability and influence among nation-states.