Václav Klaus: We Need Political World Economy, not Geoeconomics
To make sure I am well understood, I will start with three short introductory remarks:
1. We are quite rationally interested in the development of the world economy because it has a huge impact on the countries where we live, but the term geoeconomics – a fashionable term these days – pretends to be based on a well-established theory, which it is not. Economics is a scientific discipline, geoeconomics is not. This is not a well-defined field of inquiry and studies.