The global economic geography of the Second Cold War

Seth Schindler and Steve Rolf

Chapter 7 in A Research Agenda for Economic Geography, 2025, pp 91-104 from Edward Elgar Publishing

Abstract: Rivalry between the United States (US) and China, combined with Russia's invasion of Ukraine and open conflict in the Middle East, is fueling geopolitical contestation unseen since the end of the Cold War. In this chapter, we highlight the deeper connections between geopolitical competition and two key empirical phenomena investigated by economic geographers: production networks and regional development. We argue that as the period of unipolar liberal peace draws to an end, US-China rivalry is restructuring the world economy. This does not herald deglobalization or a return to semi-autarchic territorial states, but it does significantly change the calculus for multinational corporations and sub-national governments. We show how their responses are reshaping global economic geography, and we refer to this emergent regime as geostrategic globalization.

Keywords: Globalization; Geopolitics; Multinational corporations; Regional development; Global production networks (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035339914
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