Geoeconomics Reclaimed: How Finance Shapes Global Power
Geoeconomics, the fusion of finance and national security, has moved from a fringe idea to the core of global policy as the United States and other powers fuse trade, capital flows, and security tools amid great-power rivalry. The piece traces historical precedents like COCOM and SWIFT, notes how the current era features industrial policy and sanctions that reorient entire sectors, and highlights the 2022 Russia asset freeze as a turning point. It argues that rather than building a new system, the world should adapt the existing rules-based framework to be more resilient while training policymakers to think in macro-financial and strategic terms. The overarching message: geoeconomics is simply how the world does business.
