The aim of this study is to testify the hypothesis on the transitive nature of the current geo-economic confrontation in the Arctic and to identify the specific features of geo-economic rivalry in the Arctic. The research methods are: a combination of historical and logical approaches, analysis and synthesis, a systems approach, comparative analysis, and a geo-economic approach. The case of the Arctic presented in the chapter identifies that the geo-economics of the twenty-first century, along with the control of resources and space as before, is strongly seeking the control of innovation, technology, entrepreneurship, and innovative skills. The current geo-economic situation shows that the significance of the Arctic Region and the severity of competition between its main geo-economic actors for world trade waterway priority and natural resource extraction increases dramatically. The authors argue the fact that two powerful geo-economic blocs are being formed in the Arctic: the United States and its western allies on the one hand, and Russia and China on the other. The research leads to the conclusion that the permanent growth of geo-economic influence of China inevitably takes place in the Arctic zone. Among geo-economic participants of the second level, the energy and mineral Russian multinationals are emphasized, whose active participation in Arctic waterways and resources exploration enhance the growing scale of Russian geo-economic operations and its overall impact in the region.
CITATION STYLE
Konina, N. Y., & Sapir, E. V. (2022). Geoeconomic Aspects of Arctic Exploration. In The Handbook of the Arctic: A Broad and Comprehensive Overview (pp. 121–142). Springer Nature. https://doi.org/10.1007/978-981-16-9250-5_7-1
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