Transformation of economic interests in the context of the multipolar world order formation
Economic Annals-ХХI: Volume 192, Issue 7-8(2), Pages: 15-25
Citation information:
Chernysheva, A., Dobrova, K., Dobrova, E., & Kuznetsova, V. (2021). Transformation of economic interests in the context of the multipolar world order formation. Economic Annals-XXI, 192(7-8(2)), 15-25. doi: https://doi.org/10.21003/ea.V192-02
Anna Chernysheva
PhD (Economics),
Associate Professor,
Faculty of Economics,
Peoples’ Friendship University of Russia (RUDN University)
6 Miklukho-Maklay Str., Moscow, 117198, Russian Federation
chernysheva.a.m@mail.ru
ORCID ID: https://orcid.org/0000-0002-9240-6619
Katrina Dobrova
D.Sc. (Economics),
Associate Professor,
Moscow Aviation Institute (National Research University)
4 VolokolamskoyeHw., Moscow, 125993, Russian Federation
kdobrova@mail.ru
ORCID ID: https://orcid.org/0000-0001-7249-0924
Ekaterina Dobrova
PhD (Economics),
Assistant Professor,
Moscow Aviation Institute (National Research University)
4 Volokolamskoye Hw., Moscow, 125993, Russian Federation
ekaterinakomarova@bk.ru
ORCID ID: https://orcid.org/0000-0002-1795-5597
Vera Kuznetsova
PhD (Economics),
Associate Professor,
Department of Taxes and Tax Administration,
Financial University under the Government of Russian Federation
49 Leningradsky Ave., Moscow, 125993, Russian Federation
VeVKuznetsova@fa.ru
ORCID ID: https://orcid.org/0000-0002-8996-4193
Transformation of economic interests in the context of the multipolar world order formation
Abstract. The national interests of countries directly depend on the world order established at a certain time, which constantly transforms, exerting key influence on international economic relations. Understanding the changes of the world order of economic systems allows to understand the transformation of the national interests of countries. All countries can be conventionally divided into attractor countries and satellite countries, which form their national economic interests in accordance with the interests of attractor countries. At the same time, satellite countries can eventually become attractors, and vice versa.
The goal of the article is to study the existing world order and its transformation from unipolar to multipolar. To achieve this goal, the authors have explored a change in the concept of national economic interests depending on the influence of global changes in the economy and on the transformation of national economic interests in a particular world order; they have also analyzed the historical change in the world order and determined its current format and assessed the current export-import operations of the leading European countries.
It is assumed that the national economic interests of countries have changed as a result of the transition from a unipolar world order to a multipolar world order, including the national economic interests of European countries. As such, the national economic interests of countries should be transformed with due consideration of situational combinations of attractor countries. To test this hypothesis, the authors have analyzed publicly available documents, including statistical data on export-import operations of the key European countries, Russia, China, and the USA.
In general, it has been proved that a multipolar world order has formed at the present stage of international economic relations; decision-making at the international level and ensuring national economic interests depend on the situational cooperation of the attractor countries, while some satellite countries are gradually transforming into attractor countries.
Keywords: National Economic Interests; Economic Security; Globalization; World Economy; National Interests; Bipolar World Order; Multipolar World Order
Acknowledgements and Funding: The publication has been prepared with the support of the «RUDN University Program 5-100».
Contribution: The authors contributed equally to this work.
Data Availability Statement: The dataset is available from the authors upon request.
DOI: https://doi.org/10.21003/ea.V192-02
References
- Abdelal, R., & Kirshner, J. (1999). Strategy, economic relations, and the definition of national interests. Security Studies, 9(1-2), 119-156.
https://doi.org/10.1080/09636419908429397 - Borisovskaya, K. A. (2018). Foreign economic supranational and national interests: Structure and priorities. European Research Studies Journal, XXI(1), 590-597.
https://www.ersj.eu/dmdocuments/57.BORISOVSKAYA2_XXI_S1_18.pdf - Conover, P. J. (1985). The impact of group economic interests on political evaluations. American Politics Research, 13(2), 139-166.
https://doi.org/10.1177%2F1532673X8501300201 - Frieden, J. A. (1991). Invested interests: The politics of national economic policies in a world of global finance. International Organization, 45(4), 425-451.
https://doi.org/10.1017/S0020818300033178 - Grabowski, R. (2000). The state and the pursuit of the national economic interest. Canadian Journal of Development Studies, 21(2), 269-293.
https://doi.org/10.1080/02255189.2000.9669898 - Grabowski, R. (2002a). Constructing national economic interests. Journal of the Asia Pacific Economy, 7(3), 310-334.
https://doi.org/10.1080/1354786022000007861 - Grabowski, R. (2002b). Economic nationalism, economic development, and the state. Asien Afrika Latinamerika, 30(1), 1-18.
https://doi.org/10.1080/03233790210818 - Hryshchenko, A. A. (2009). Conditions for Ukraine’s national economic interests’ realization within wto regulatory system. Actual Problems of Economics, 9, 19-26.
https://www.researchgate.net/publication/294447506_Conditions_for_Ukraine’s_national_economic_interests’_realization_within_wto_regulatory_system - Hryshchenko, A. A. (2010). International coordination of national economies’ development as a condition for preventing global financial and economic crises. Actual Problems of Economics, 9, 3-10.
https://www.researchgate.net/publication/296760629_International_coordination_of_national_economies’_development_as_a_condition_for_preventing_global_financial_and_economic_crises - Jänicke, M., & Quitzow, R. (2017). Multi-level reinforcement in European climate and energy governance: mobilizing economic interests at the sub-national levels. Environmental Policy and Governance, 27(2), 122-136.
https://doi.org/10.1002/eet.1748 - McDonald, J. (2007). Legitimating private interests: Hegemonic control over «the public interest» in National Competition Policy. Journal of Sociology, 43(4), 349-366.
https://doi.org/10.1177%2F1440783307083230 - Morgenthau, H. (1948). In defense of the national interest: A critical examination of American foreign policy. Knopf.
- Song, J. Y., & Gong, D. Q. (2016). Identification method of railway public interest transportation based on National Economic Benefits. Journal of Interdisciplinary Mathematics, 19(4), 735-747.
https://doi.org/10.1080/09720502.2016.1197574 - TrendEconomy. (2021). Trade databases by country (export and import).
https://trendeconomy.ru/trade - Tretter, E. (2011). The «value» of Europe: The political economy of culture in the European community. Geopolitics, 16(4), 926-948.
https://doi.org/10.1080/14650045.2011.554465 - Tsai, M.-C. (1998). The state’s interest seeking and economic stagnation in the third world: Cross-national evidence. Sociological Quarterly, 39(1), 101-118.
https://doi.org/10.1111/j.1533-8525.1998.tb02351.x - Vasilenkova, N. V. (2016). Economic interests of national economic entities. Indian Journal of Science and Technology, 9(11), 1-4.
https://doi.org/10.17485/ijst/2016/v9i11/89433
Received 26.04.2021
Received in revised form 19.05.2021
Accepted 29.05.2021
Available online 21.09.2021