Power, Markets, and world politics: Networked Exposure to Transnational Policy Shocks
This article describes world politics as a system of managed interdependence in which strategic rivalry reshapes, rather than simply ends, globalization. Trade, finance, energy, technology, shipping, investment, migration, and information continue to connect states with sharply different security and political interests. Tariffs, export controls, sanctions, and industrial subsidies can redirect sourcing, while firms increasingly evaluate geopolitical alignment alongside price and quality. Friend