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Author: Joachim Klement Publisher: CFA Institute Research Foundation ISBN: 1952927072 Category : Business & Economics Languages : en Pages : 230
Book Description
Today’s investors need to understand geopolitical trends as a main driving force of markets. This book provides just that: an understanding of the interplay between geopolitics and economics, and of the impact of that dynamic on financial markets. To me, geo-economics is the study of how geopolitics and economics interact in international relations. Plenty of books on geopolitics have been written by eminent experts in politics and international affairs. This book is not one of them. First, I am neither a political scientist nor an expert in international affairs. I am an economist and an investment strategist who has been fascinated by geopolitics for many years. And this fascination has led me to the realization that almost all books and articles written on geopolitics are useless for investors. Political scientists are not trained to think like investors, and they are not typically trained in quantitative methods. Instead, they engage in developing narratives for geopolitical events and processes that pose risks and opportunities for investors. My main problem with these narratives is that they usually do not pass the “so what?” test. Geopolitical risks are important, but how am I to assess which risks are important for my portfolio and which ones are simply noise? Because geopolitics experts focus on politics, they do not provide an answer to this crucial question for investors. What could be important for a geopolitics expert and for global politics could be totally irrelevant for investors. For example, the US wars in Iraq and Afghanistan have been going on for almost two decades now and have been an important influence on the political discussion in the United States. But for investors, the war in Afghanistan was a total nonevent, and the war in Iraq had only a fleeting influence, when it started in 2003. Geopolitics experts cannot answer the question of which geopolitical events matter for investors and which do not. Unfortunately, some experts thus claim that all geopolitical risks matter and that these risks cannot be quantified but only assessed qualitatively. Nothing could be further from the truth. In the chapters that follow, I discuss geopolitical and geo-economic events from the viewpoint of an investor and show that they can be quantified and introduced as part of a traditional risk management process. I do this in two parts. The first part of this book focuses on geopolitics that matters to investors. It reviews the literature on a range of geopolitical events and shows which events have a material economic effect and which do not. The second part of this book puts the insights from those first chapters into practice by applying them to current geopolitical trends. In this second part, I stick my head out and examine the impact the geopolitical trends have on the economy and financial markets today and their likely development in the coming years. —Joachim Klement, CFA
Author: Joachim Klement Publisher: CFA Institute Research Foundation ISBN: 1952927072 Category : Business & Economics Languages : en Pages : 230
Book Description
Today’s investors need to understand geopolitical trends as a main driving force of markets. This book provides just that: an understanding of the interplay between geopolitics and economics, and of the impact of that dynamic on financial markets. To me, geo-economics is the study of how geopolitics and economics interact in international relations. Plenty of books on geopolitics have been written by eminent experts in politics and international affairs. This book is not one of them. First, I am neither a political scientist nor an expert in international affairs. I am an economist and an investment strategist who has been fascinated by geopolitics for many years. And this fascination has led me to the realization that almost all books and articles written on geopolitics are useless for investors. Political scientists are not trained to think like investors, and they are not typically trained in quantitative methods. Instead, they engage in developing narratives for geopolitical events and processes that pose risks and opportunities for investors. My main problem with these narratives is that they usually do not pass the “so what?” test. Geopolitical risks are important, but how am I to assess which risks are important for my portfolio and which ones are simply noise? Because geopolitics experts focus on politics, they do not provide an answer to this crucial question for investors. What could be important for a geopolitics expert and for global politics could be totally irrelevant for investors. For example, the US wars in Iraq and Afghanistan have been going on for almost two decades now and have been an important influence on the political discussion in the United States. But for investors, the war in Afghanistan was a total nonevent, and the war in Iraq had only a fleeting influence, when it started in 2003. Geopolitics experts cannot answer the question of which geopolitical events matter for investors and which do not. Unfortunately, some experts thus claim that all geopolitical risks matter and that these risks cannot be quantified but only assessed qualitatively. Nothing could be further from the truth. In the chapters that follow, I discuss geopolitical and geo-economic events from the viewpoint of an investor and show that they can be quantified and introduced as part of a traditional risk management process. I do this in two parts. The first part of this book focuses on geopolitics that matters to investors. It reviews the literature on a range of geopolitical events and shows which events have a material economic effect and which do not. The second part of this book puts the insights from those first chapters into practice by applying them to current geopolitical trends. In this second part, I stick my head out and examine the impact the geopolitical trends have on the economy and financial markets today and their likely development in the coming years. —Joachim Klement, CFA
Author: Colin S. Gray Publisher: Routledge ISBN: 1135265097 Category : History Languages : en Pages : 314
Book Description
Geopolitical conditions influence all strategic behaviour - even when cooperation among different kinds of military power is expected as the norm, action has to be planned and executed in specific physical environments. The geographical world cannot be avoided, and it happens to be 'organized' into land, sea, air and space - and possibly the electromagnetic spectrum including 'cyberspace'. Although the meaning of geography for strategy is a perpetual historical theme, explicit theory on the subject is only one hundred years old. Ideas about the implication of geographical, especially spatial, relationships for political power - which is to say 'geopolitics'- flourished early in the twentieth century. Divided into theory and practice sections, this volume covers the big names such as Mackinder, Mahan and Haushofer, as well as looking back at the vital influence of weather and geography on naval power in the long age of sail (sixteenth to nineteenth centuries). It also looks forward to the consequences of the revival of geopolitics in post-Soviet Russia and the new space-based field of "astropolitics".
Author: Syed Tahseen Raza Publisher: Taylor & Francis ISBN: 1000218171 Category : Political Science Languages : en Pages : 263
Book Description
This book historically maps and examines the evolving, contemporary geostrategic and geopolitical imperatives of the United States within Pakistan and the South Asian region, especially after September 11, 2001. It offers a detailed and theoretical account of the rapidly changing context of US foreign policy towards Pakistan after 2001. The history of the US-Pakistan relationship has been a complex and inscrutable mix of cooperation and conflict has turned even more challenging after 9/11. This book covers the latest developments and relevant themes from world politics as it discusses the impact of the unprecedented rise in religious extremism in Pakistan, stemming from the US War on Terror as well as Pakistan’s economic vulnerability and military dictatorship, India’s offer to support the US in its war in Afghanistan, Pakistan’s nuclear capability, and the US administration’s decision to end financial aid to Pakistan. The study highlights the fact that, from the receding of British influence in the region through the Cold War and post-Cold War phases to the post-9/11 period, US-South Asia policy has been informed by the theoretical paradigm of the grand strategy of primacy. This topical book will be useful to scholars and researchers of international relations, politics, political studies, strategic and defence studies, security and peace studies, foreign policy, area studies, and South Asian studies. It will also interest diplomats, politicians, policymakers, security experts, journalists, and think tanks interested in India, Pakistan, and the United States on issues of international politics, world affairs, and terrorism.
Author: Everett C. Dolman Publisher: Routledge ISBN: 113576400X Category : History Languages : en Pages : 224
Book Description
This volume identifies and evaluates the relationship between outer-space geography and geographic position (astrogeography), and the evolution of current and future military space strategy. In doing so, it explores five primary propositions.
Author: Air University Press Publisher: ISBN: 9781079818697 Category : Languages : en Pages : 148
Book Description
Military history is rife with examples of operational successes and failures stemming from the geographical environment. However, are twenty-first-century military operations also contingent on the geographical-physical dimension? Major technological advances during the last hundred years have led to a change in the concept of the physical line of operations. These developments led to the gradual contraction of this line, bringing about its near extinction or virtualization. Dr. Paul Springer observes in the book's foreword that "the notion that lines of communication might be made irrelevant to modern warfare revolutionized the concept of geostrategy and led to many modern American military practices, including the ability to base attack forces within the continental United States but still threaten enemy forces worldwide." He adds that "Dr. Tovy's work promises an interesting examination of whether the principles of geostrategy, which have governed human conflict for millennia, might have receded in importance or even ceased to matter at all."
Author: Brian Blouet Publisher: Routledge ISBN: 1000159132 Category : History Languages : en Pages : 203
Book Description
This is a new examination of Halford Mackinder’s seminal global geostrategic work, from the perspective of geography, diplomatic history, political science, international relations, imperial history, and the space age. Mackinder was a man ahead of his time. He foresaw many of the key strategic issues that came to dominate the twentieth century. Until the disintegration of the Soviet Union, western defence strategists feared that one power, or alliance, might come to dominate Eurasia. Admiral Mahan discussed this issue in The Problem of Asia (1900) but Mackinder made the most authoritative statement in "The Geographical Pivot of History" (1904). He argued that in the "closed Heart-Land of Euroasia" was a strategically placed region, with great resources, that if controlled by one force could be the basis of a World Empire. James Kurth, in Foreign Affairs, has commented that it has taken two World Wars and the Cold War to prevent Mackinder’s prophecy becoming reality. In World War I and World War II Germany achieved huge territorial gains at the expense of the Russian empire and the Soviet Union. In the former conflict the Russian empire was defeated by Germany but the western powers insisted that the territorial gains made by Germany, at the treaty of Brest-Litovsk, be given up. In World War II Britain and the US gave material support to Stalin’s totalitarian regime to prevent Nazi Germany gaining control of the territory and resources that might have been a basis for world domination. The west, highly conscious of Mackinder’s dictum (1919) that "Who rules East Europe commands the Heartland," quickly adopted policies to contain the Soviet Union. History has therefore proved Mackinder’s work to be of vital importance to generations of strategic thinking and he remains a key influence in the new millennium. This book will be of great interest to all students and scholars of strategic studies and military history and of geopolitics in particular.
Author: Francisco José B. S. Leandro Publisher: Springer Nature ISBN: 9811635641 Category : Political Science Languages : en Pages : 628
Book Description
This book assesses Iran’s role in contemporary geopolitics. In particular, it examines three main intertwining circles: Iran’s development and political challenges, its relationships with neighbouring countries, as well as its relations with the major global powers — China, the European Union, Russia, and the United States. With contributions from over 20 authors, the book spans such critical aspects of contemporary geopolitics as modern history, natural resources, the economy, the social-political context, and strategic thinking. Particular focus is placed on Iran’s relations with its neighbours - Afghanistan, Iraq, Israel, Pakistan, and the Persian Gulf States. Furthermore, the book offers both a bilateral and multilateral dimension on how nuclear sanctions imposed on Iran have impacted its strategic planning, from the economic and military perspectives.
Author: Mike Rosenberg Publisher: Emerald Group Publishing ISBN: 1787145689 Category : Business & Economics Languages : en Pages : 320
Book Description
The world is shifting to a less stable geopolitical structure, and only firms that can acquire a better capability to foresee and prepare for change will succeed. Strategy and Geopolitics provides a strategic framework that can help senior business executives address the challenges of globalization in this evolving geopolitical landscape.
Author: Thierry Balzacq Publisher: Oxford University Press ISBN: 0192576623 Category : Political Science Languages : en Pages : 801
Book Description
A clearly articulated, well-defined, and relatively stable grand strategy is supposed to allow the ship of state to steer a steady course through the roiling seas of global politics. However, the obstacles to formulating and implementing grand strategy are, by all accounts, imposing. The Oxford Handbook of Grand Strategy addresses the conceptual and historical foundations, production, evolution, and future of grand strategy from a wide range of standpoints. The seven constituent sections present and critically examine the history of grand strategy, including beyond the West; six distinct theoretical approaches to the subject; the sources of grand strategy, ranging from geography and technology to domestic politics to individual psychology and culture; the instruments of grand strategy's implementation, from military to economic to covert action; political actors', including non-state actors', grand strategic choices; the debatable merits of grand strategy, relative to alternatives; and the future of grand strategy, in light of challenges ranging from political polarization to technological change to aging populations. The result is a field-defining, interdisciplinary, and comparative text that will be a key resource for years to come.
Author: Zbigniew Brzezinski Publisher: Basic Books ISBN: 0465093086 Category : History Languages : en Pages : 203
Book Description
Bestselling author and eminent foreign policy scholar Zbigniew Brzezinski's classic book on American's strategic mission in the modern world. In The Grand Chessboard, renowned geostrategist Zbigniew Brzezinski delivers a brutally honest and provocative vision for American preeminence in the twenty-first century. The task facing the United States, he argues, is to become the sole political arbiter in Eurasian lands and to prevent the emergence of any rival power threatening our material and diplomatic interests. The Eurasian landmass, home to the greatest part of the globe's population, natural resources, and economic activity, is the "grand chessboard" on which America's supremacy will be ratified and challenged in the years to come. In this landmark work of public policy and political science, Brzezinski outlines a groundbreaking and powerful blueprint for America's vital interests in the modern world. In this revised edition, Brzezinski addresses recent global developments including the war in Ukraine, the re-emergence of Russia, and the rise of China.
Author: Joachim Klement
Author: Joachim Klement
Author: Colin S. Gray
Author: Syed Tahseen Raza
Author: Everett C. Dolman
Author: Air University Press
Author: Brian Blouet
Author: Francisco José B. S. Leandro
Author: Mike Rosenberg
Author: Thierry Balzacq
Author: Zbigniew Brzezinski