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The Political Economy of Geoeconomic Power

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  • Christopher Clayton
  • Matteo Maggiori
  • Jesse Schreger

Abstract

Great powers are increasingly using their economic and financial strength for geopolitical aims. This rise of "geoeconomics" has the potential to reshape the international trade and financial system. This paper examines the role of domestic political economy forces in determining a government's ability to project geoeconomic power abroad. We also discuss the role that persuading or coercing foreign governments plays in projecting geoeconomic power around the world.

Suggested Citation

  • Christopher Clayton & Matteo Maggiori & Jesse Schreger, 2025. "The Political Economy of Geoeconomic Power," NBER Working Papers 33353, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:33353
    Note: EFG IFM ITI POL
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    References listed on IDEAS

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    1. Matteo Maggiori & Chris Clayton & Jesse Schreger, 2024. "A theory of economic coercion and fragmentation," BIS Working Papers 1224, Bank for International Settlements.
    2. Clayton, Christopher & Maggiori, Matteo & Schreger, Jesse, 2023. "A Framework for Geoeconomics," SocArXiv cxwmr_v1, Center for Open Science.
    3. Frieden, Jeffry A., 1994. "International investment and colonial control: a new interpretation," International Organization, Cambridge University Press, vol. 48(4), pages 559-593, October.
    4. Gerard Padró I Miquel & Pierre Yared, 2012. "The Political Economy of Indirect Control," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(2), pages 947-1015.
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    Cited by:

    1. Clayton, Christopher & Coppola, Antonio & Maggiori, Matteo & Schreger, Jesse, 2025. "Chokepoints: Identifying Economic Pressure," SocArXiv zsc4x_v1, Center for Open Science.

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    JEL classification:

    • F3 - International Economics - - International Finance

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