The current shift in the world's geo-economics and some policy implications for Vietnam

09:51 21/07/2022

In the context where economic, security, and foreign policy issues are increasingly intertwined, the volatility of the world's geo-economic landscape becomes one of the foremost important factors impacting the security and development of nations. Vietnam faces many opportunities, but also encounters significant challenges in ensuring an independent and self-reliant economy and enhancing its resilience to external impacts.

Within the system of international relations, there are currently many different conceptions of the term geo-economics. From a narrow perspective, geo-economics is viewed as "the use of economic tools to advance and protect national interests, and to yield favorable geo-political outcomes." From a broader perspective, geo-economics involves examining national policy through a lens that combines international economics and international security. The core issue for nations adapting to the current global geo-economic shift is finding the optimal balance between the benefits derived from international economic cooperation and geo-political and security calculations.

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Assoc. Prof. Le Trung Kien, Acting Deputy Director, Director of the Center for Security and Development, Institute for Strategic Studies, Diplomatic Academy. 

Xuan Linh (introduce)