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Theoretical dimensions of economic sovereignty

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  • Afontsev, S.

    (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences; Moscow, Russia)

Abstract

The article addresses the problems and prospects associated with the introduction of economic sovereignty notion to economic research. Four directions of such an introduction are identified focusing on such aspects as contribution of economic factors to maintaining national sovereignty; autonomy of economic policy; self-reliance in key aspects of economic development; and economic sustainability to negative external shocks like trade wars and sanctions. These research fields are shown to be characterized by unequal quality of theoretical and analytical achievements. At the moment, integrated theoretical basis for research in economic sovereignty is lacking, although some noteworthy conceptual developments can be traced in studies of factors affecting the degree of autonomy of national governments in economic policy decision making. The largest potential for 'conceptual breakthrough' is concentrated in technological sovereignty studies. To exploit this potential, however, economists should go beyond applied research and routine analytics to start a quest for appropriate theoretical generalizations.

Suggested Citation

  • Afontsev, S., 2024. "Theoretical dimensions of economic sovereignty," Journal of the New Economic Association, New Economic Association, vol. 64(3), pages 218-224.
    • Handle: RePEc:nea:journl:y:2024:i:64:p:218-224
    DOI: 10.31737/22212264_2024_3_218-224
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    References listed on IDEAS

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    1. Gene M. Grossman & Phillip McCalman & Robert W. Staiger, 2021. "The “New” Economics of Trade Agreements: From Trade Liberalization to Regulatory Convergence?," Econometrica, Econometric Society, vol. 89(1), pages 215-249, January.
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    3. Robert W. Staiger & Alan O. Sykes, 2011. "International Trade, National Treatment, and Domestic Regulation," The Journal of Legal Studies, University of Chicago Press, vol. 40(1), pages 149-203.
    4. Edler, Jakob & Blind, Knut & Kroll, Henning & Schubert, Torben, 2023. "Technology sovereignty as an emerging frame for innovation policy. Defining rationales, ends and means," Research Policy, Elsevier, vol. 52(6).
    5. Giovanni Maggi & Robert W. Staiger, 2015. "Optimal Design of Trade Agreements in the Presence of Renegotiation," American Economic Journal: Microeconomics, American Economic Association, vol. 7(1), pages 109-143, February.
    6. Mark Leonard & Jean Pisani-Ferry & Elina Ribakova & Jeremy Shapiro & Guntram B. Wolff, 2019. "Redefining Europe’s economic sovereignty," Bruegel Policy Contributions 31321, Bruegel.
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    More about this item

    Keywords

    economic sovereignty; technological sovereignty; economic policy; economic development; external shocks; economic sanctions;
    All these keywords.

    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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