What are the drivers/motives behind the geoeconomic strategy?
Geo-economics is the branch of economics which study how economy functions in an international environment. It basically includes the study of global mobility of capital, market and labor. Therefore, the geo-economics include the geographic and demographic aspects of economy which in turn influences their policy in relation to international trade and commerce. It also gives us the list of economic powers and countries with greatest economic strengths.
Geo-economics strategies are the policies that are adopted by the different economies at the international level. It usually informs the economies which strategic course of policy should be undertake in order to improve its position in the international trade. This could include policies to become an economic power. The geographic location of a country is considered as an important factor in the formulation of geo-economics strategy.
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