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Journal section "Public administration"

Russia in the Epicenter of Geopolitical Turbulence: Signs of Eventual Domination

Balatsky E.V.

Volume 15, Issue 5, 2022

Balatsky E.V. (2022). Russia in the epicenter of geopolitical turbulence: Signs of eventual domination. Economic and Social Changes: Facts, Trends, Forecast, 15(5), 33–54. DOI: 10.15838/esc.2022.5.83.2

DOI: 10.15838/esc.2022.5.83.2

Abstract   |   Authors   |   References
The paper investigates a set of factors contributing to Russia’s transformation into a new world capital accumulation center in the next two to three decades. The novelty of our approach lies in the fact that we consider the current phase of global geopolitical turbulence through the prism of the capital accumulation cycles theory in order to determine the vector of future development of the world economic system. We dig into the topic by forming a comprehensive picture of Russia’s potential advantages that are quite versatile. Thus, we look into the following phenomena: geographical (ice decline in the Russian Arctic; Russia evolving from a land power into a sea power; natural resources endowment), philosophical (dialectical confrontation of homogeneity and heterogeneity of the world system), historical (syndrome of false contender for the role of a world capital accumulation center; passionarity of the ethnos), political (parade of sovereignties and imperial revanchists, diffusion of the nuclear syndrome, legitimization of the struggle against political and managerial opposition), political economy (cycles of capital accumulation; world capital accumulation center; Russia’s economy joining the world system of capitalism), economic (effectiveness of international economic sanctions; general-purpose technologies; industry cycles; regulatory and technology triads), demographic (demographic curse), cultural (openness of the Russian Civilization to immigrants, its civilizing experience in relation to other peoples, high civilizational absorption), military (latent and active phases of hybrid warfare; hybrid warfare paradox), factors and management effects (autonomous and authoritarian management, hegemon and leader models). This helped us to reconstruct the system of checks and balances formed around the Russian Federation in the hybrid warfare between the West and the Non-West. We deepen the analysis by providing our own interpretation of sea states and land states. The main conclusion of the research is that Russia possesses unique geopolitical advantages that allow it to successfully counteract the Collective West and eventually become a new leader of the world economic system

Keywords

competition, geopolitical turbulence, war, world economic system, world capital accumulation center

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