Decline of the West? An IPE perspective on the multiplex world order and the 'geoeconomic turn'.
The concept of multiplexity describes an emerging world order in which non-western powers play an increasingly important role and US-centred western dominance is waning. Given the centrality of 'the West' to economic globalization since the Second World War, the geoeconomic turn and shift towards mo...
| Publicado en: | International Affairs Vol. 102; no. 2; pp. 363 - 388 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Mar2026
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=192225182&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 192225182 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00205850 INA jtl: International Affairs issn: 00205850 maglogo: N pubinfo: dt: Mar2026 vid: 102 iid: 2 pid: 622 pub: Oxford University Press / USA artinfo: ui: 192225182 10.1093/ia/iiaf274 ppf: 363 ppct: 25 formats: tig: atl: Decline of the West? An IPE perspective on the multiplex world order and the 'geoeconomic turn'. aug: au: Linsi, Lukas Graaff, Naná De affil: Rijksuniversiteit Groningen, Groningen 9700 AB, the Netherlands Vrije Universiteit Amsterdam, Amsterdam 1081 HV, the Netherlands su: West (U.S.) United States China Globalization International trade International competition China-United States relations sug: subj: Globalization International trade International competition West (U.S.) United States China International Trade Financing China-United States relations keyword: copyrightHolder:The Royal Institute of International Affairs copyrightYear:2026 deglobalization finance global production inLanguage:en international trade publisher:Oxford University Press reglobalization sameAs:https://dx.doi.org/10.1093/ia/iiaf274 technology copyrightHolder:The Royal Institute of International Affairs copyrightYear:2026 deglobalization finance global production inLanguage:en international trade publisher:Oxford University Press reglobalization sameAs:https://dx.doi.org/10.1093/ia/iiaf274 technology ab: The concept of multiplexity describes an emerging world order in which non-western powers play an increasingly important role and US-centred western dominance is waning. Given the centrality of 'the West' to economic globalization since the Second World War, the geoeconomic turn and shift towards more nationally-oriented economic strategies in the 2010s and early 2020s could be considered a development that further accelerates the emergence of a less globalized and less western-centric world order. This article empirically re-examines these trends from an international political economy perspective. At odds with the deglobalization thesis, our assessment shows that across the spheres of trade, production and finance, western-led globalization continues to thrive. In terms of a redistribution of power, we find relative shifts in global economic power away from the United States—and the West more broadly—to be mostly restricted to international trade and largely concentrated towards China, whereas the West's structural power over global production and finance remains formidable. At the same time, China is rapidly catching up in some critical technologies, which in turn might account for the West's recent attempts to constrain China in its technological ambitions. From this perspective, we propose that the hidden purpose of the West's deglobalization agenda might not be a retreat from globalization, but an attempt to push back against and exclude potential rivals from the system. Hence, rather than accelerating, the geoeconomic turn may in fact be aimed at preventing a transition towards a more multiplex order. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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