Année
2026
Auteurs
JANDHYALA Srividya, BLAKE Daniel, LI Quan
Abstract
Multinational firms conduct cross-border trade and investment in a world of anarchy, where nation-states must secure their survival in the absence of a world government. We develop a geopolitical-economic order (GEO) framework to argue that the extent of geopolitical competition incentivizes states to create one of two types of economic order: a market-based order built on laissez-faire and mutually beneficial voluntary exchanges, and a state-based order focused on state power and government intervention in the economy. Different orders shape the institutional environment for firms’ cross-border activities in unique ways, leading to distinct sources of competitive advantage and market and non-market strategies. When the status quo level of geopolitical competition is disrupted, the prevailing and future state–market order becomes uncertain, forcing firms to prioritize strategic flexibility.
BLAKE, D., JANDHYALA, S. et LI, Q. (2026). Geopolitics and global strategy: Making money under anarchy. Global Strategy Journal, In press, https://doi.org/10.1002/gsj.70022, pp. 1-28.