Geo-Economics. Emerging Strategic Sectors

Geo-Economics. Emerging Strategic Sectors

In recent years, the world has undergone a series of significant changes, including the rise of protectionist and ultraconservative governments, wars, increasingly frequent natural disasters, and the emergence of new technologies that have fundamentally altered the way resources and wealth are managed and distributed by individuals, companies, institutions, and governments.

For authors like Mikael Wigell, author of Geoeconomics and Power Politics in the 21st Century: The Resurgence of State Economic Policy (2019), geo-economics can be viewed both as a strategy and as an analytical framework. In the first case, it uses the economic tools of political power to achieve strategic objectives and highlight the economy of one nation over others. As an analytical framework, it allows the observation of international relations strategies to define behavior in global competition.

Today, new technologies, the aerospace industry, artificial intelligence, developments in the energy sector, 5G networks, and others are seen as the key instruments of power in the 21st century. By applying geo-economic analysis, it has become possible to transform military rivalries into economic confrontations. One could argue that modern conquests are no longer about territorial expansion, but about control over markets.

Mexican companies today must redouble their efforts more than ever, adopting strategies and tools that support their expansion goals. However, they must not lose sight of the benefits and growth at the local level – an aspect that, from a geo-economic perspective, will become the lifeblood of many nations, which find themselves amid major global players who will offer no room for concessions.