As part of FEFU’s BRICS Educational Internship Program, this Friday, June 12th, at 6:00 - 7:30 pm, you are invited to a guest lecture by Dr Glenn Diesen, Associate Professor at University of South-East Norway. Prof. Diesen will talk on “Russia’s Greater Eurasia: A Conservative and Geoeconomic Concept.” The event will be held online at https://event.webinarjam.com/register/2/xqxr8hl To log in and enter the event, make sure to register first (the Register button at the right bottom corner).
Russia’s struggle to develop a competitive model for economic modernisation has throughout history culminated in periods of stagnation followed by disruptive efforts to catch-up. From a conservative perspective, the inability to manage change by positioning Russia between change and continuity has been the source of revolutionary behaviour domestically and vulnerability to foreign powers. Geoeconomics addresses this issue by developing a national approach to modernisation that skews the “balance of dependence” and enables states to scale back on liberal economics. States can create favourable symmetry in relations with other states by developing three geoeconomic levers of power - strategic industries, transportation corridors and financial instruments. Furthermore, states can diversify their ties to reduce excessive reliance on any one state or region.
Russian geoeconomics inherently leans towards Eurasianism by enhancing economic connectivity with the entire supercontinent. Efforts to model Russia along the development of Western maritime power has led to either zero-sum conflicts over maritime corridors or withdrawal from the main arteries of international trade. Russia’s new Eurasianism builds on the political economy of the late 19th century and the Eurasianist political economy of Savitsky in the early 1920s. The concept of Greater Eurasia demands cooperation and harmonisation of interests between Eurasian powers, which is contrasted with the rule of maritime powers that depend on division on the continent.
Prof. Glenn Diesen is one of the premier experts on contemporary Russian geopolitics and geoeconomics, with a focus on Russia’s Eurasian strategy. He previously worked at Higher School of Economics in Moscow and is an editor at the Russia in Global Affairs journal.