The Architecture of the Global Geo-Economics: Pre-Determination of the Crisis and the Vector of Transformations

Abstract

IntroductionThe dramatic nature on contemporary crisis of global political and economic architecture is determined by two factors: the deep degradation of nation-state systems of political and economic management and unfinished construction of the new system of global geo-economics relevant to the ongoing political transformations. The synergy of the two factors formed the effect of chaotization of economically important geographic and sectorial industrial environments. That factors explains the fact that the economic interdependence interrelationships that were regarded earlies as critical were dismantled so easy.Purpose and importanceThe significance of the research is emphasized by starting phases of structural transformations of the system of global politics and economics that we witness at this point taking into consideration that Russia is a part of the global system despite the special status of the country. And it is necessary to address the on-going changes and a historical process. The goal of the article is to deconstruct the underling mechanisms that US and transnational elites use to manage the global geo-economic trends through the transition to system of economic regionalization.MethodsThe article is part of the research that author conducts since 2019. The intermediate results of the study were published in several major scientific, political and discussion platforms. The taken article is based upon the generalization of the experience of the global geo-economic transformations that are reflected in the different formats of the institutionalization. The analysis involves a wide circle of analytical and experts’ assessments regarding the perspectives of development of the global economic architecture.ResultsThe main scientific result of the article is to reconstruct the global geo-economic architecture that was planned for development in the period of mature America-centric globalization. The critical breakpoints that jeopardized the integrity of the global geo-economic environment are formulated. And in those breakpoints the scenario of «force geo-economics» can be employed. The variants of the post-crisis re-institutionalization in the neo-global world are outlined.Development and discussionThe article is the means to outline for the discussion the authors’ conclusion that are based upon the reflection of the period of dismantlement of the economic system of the mature globalization. The research creates a basis for clarification of the perspective status of the geo-economic periphery and semi-periphery which becomes a vital segment of the world economy. The article supplements the research emerged in Russia and in the West that addresses the issue of the new economic geography of the neo-global world. The article also gives the opportunity to clarify the perspective niche that Russia can occupy in the perspective geoeconomic architecture.

Keywords

• periphery of the global economy
• semi-periphery
• interdependence
• investment capitalism
• transnational corporations