National (in-)security strategy and critical minerals: coercive economic statecraft beyond globalisation

Ksenia Kirkham

Chapter 4 in Globalization in a Turbulent Era, 2025, pp 56-76 from Edward Elgar Publishing

Abstract: Under the strains of what Adam Tooze characterises as ‘polycrisis’, the world is undergoing a new phase of restructuring, facing various pressures not only from ‘contender’ states that challenge the directives of the ‘rules-based order’, but also from a rebranded Trump administration eyeing the acquisition of Greenland, the Panama Canal, and even Canada. In this critical juncture the world approaches the possibility of catastrophic global war with multiple factual and potential hotspots in the Middle East, Europe, Africa and the South China Sea. The geopolitical landscape has become increasingly fragmented, marked by an uneasy coexistence of global multilateralism and a struggling grip on global hegemony, along with contradictions arising from increasingly coercive economic statecraft. With the Ukrainian president Volodymyr Zelensky ejected from the Oval Office without a deal on 28 February 2025, one thing has become clear—the world is in urgent need of new leadership. With all this strategic ambiguity, there is one pressing question regarding the polycrisis—how did we get here? This chapter examines how progressively coercive economic statecraft has paved the way to ‘polycrisis’.

Keywords: National security; Economic statecraft; Sanctions; Critical minerals; Leadership; Sustainability (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035330492
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