TERRA ECONOMICUS, , Vol. 16 (no. 4),

Globalization and economic integration make it increasingly important to explore the issues that address emerging economic challenges within an interdisciplinary research framework, paying attention to geo-economic context. Economic concepts are therefore need to be revised. Since comparative advantage in international trade became a key factor in international economic relations, geoeconomics as a new form of scientific analysis have emerged. Being an important part of scientific discourse with great theoretical and practical implications, geoeconmics combines methodologies of economics, policy research, regional studies and economic geography. In-depth understanding and explanation of the ongoing transformations can be treated as referring to both practical and theoretical experiences, at that. Traditional economic concepts of competition, ownership, corporations gain renewed value when used within the methodological framework of geoeconomics. These concepts are rather seen as the determinants of relationships between national economies and global economic processes. Level of competitiveness of economically, technologically and innovatively developed countries significantly influences the features of a world economy. Ownership and corporate governance are increasingly treated as the regulatory institutions for the global economy.

Keywords: geoeconomics; geo-economic space; methodology of geo-economics; spatial balance; globalization; integration

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606