Geo-economic Fragmentation
As one may know, the factors that affect economy on the basis of the features of what geography poses, is known as geo-economics. It tells about how economy is seen in various regions, across the political boundaries. This holds a lot of power to make sense of a turbulent world. A recent example includes that of Russia and Ukraine. When US refused to buy oil and gas from Russia as it invaded Ukraine, it didnt lead to a bigger impact as it would have if India and China would've been a part of the coalition. This resulted Russia to still have larger markets to cater and hence only had a limited impact on its economy. This is how geo-economics can play a role in shaping the country's economy even across states. countries and continents. So we can say that economic geography acts as a critical lens to assess the impacts of various policies and interventions a government might take upon to influence the spatial allocation and distribution of economic activities and resources, suc...