Dynamics of the geoeconomic balance of powers in Central and Eastern Europe in the face of Russian aggression against Ukraine
No Thumbnail Available
Date
2022-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Київський національний економічний університет імені Вадима Гетьмана
Abstract
Introduction: The analysis of Russia’s aggression on Ukraine is most
often analyzed from a geopolitical perspective. The article refers to the
geoeconomic balance of powers in Central and Eastern Europe.
Aim:The aim of the article is to examine the geoeconomic strength of
Central and Eastern European countries in relation to Russia. The research
hypothesis analyzed in the article is that in the last decade Russia has lost its
economic advantage in relation to the region of Central and Eastern
European countries, which are located in its geographical proximity and
until 1989 were in the sphere of its influence.
Method: The article presents a comparative analysis of the geoeconomic
strength of the CEE-11 countries treated as one region in relation to Russia.
An additional study was conducted for the Visegrad Group, the frontier
(buffer) countries, and for Ukraine itself. All data used in the article comes
from the World Bank database and covers the period from 2004 to 2020.
Findings: The analysis of Russia’s declining geoeconomic potential
compared to the CEE11 region shows that Russia is unable to formulate an
attractive economic strategy. Instead of focusing on economic development,
it replaces its weakness in this field with military aggression. With this in
mind, the CEE countries, especially the frontier countries, must realize the
need to strengthen their coalitions in the region.
Description
Keywords
Geoeconomics, geopolitics, CEE-11, war in Ukraine, Visegrad group
Citation
Śliwiński P. Dynamics of the geoeconomic balance of powers in Central and Eastern Europe in the face of Russian aggression against Ukraine [Electronic resource] / Paweł Śliwiński // Economic security in thе Global environment (ESGE–2022) : lnternational Conference (June 29–30, 2022) / М-во освіти і науки України, Київ. нац. екон. ун-т ім. В. Гетьмана ; [ed. board: Lukyanenko D. et al.]. – Electronic text data. – Київ : КНЕУ, 2022. – P. 144–161. – Title from screen.