POLITICAL ECONOMY ANALYSIS OF THE BALKANS: STRUGGLES FOR HEGEMONY

Arzu Al, Batuhan Balcı

Abstract


With globalization coming further at the front row, there has been an inevitable course of interaction where politics and economy bilaterally influenced one another. It is for this very reason International Political Economy, the common field encompassing national and international politics and economy, has come to the fore as a distinct, emerging discipline. At this point, where an absence of power occurred due to the dissolution of USSR followed by struggles for hegemony, it is essential to address intersecting policies and economy in the context of IPE since after the dissolution of USSR, the sovereign, Russia would not be willing another actor stronger than her. Since the Balkans is an indispensable region for Russia in terms of security and economy as well as energy transfer. Yet the Balkans is just as much important for Europe and the US as it is for Russia. It is simply because crises or actors to emerge in the region would negatively affect the Middle East policy of the US and jeopardize the security and stability of EU, a strategic partner. The Balkans also means open market and low-cost labor for both the US and EU in economic terms. Another factor is that the Balkans is at the transfer point of the energy resources of Middle East and Russia. On this ground, the aim of this study is to discuss the main research topics and to evaluate the absence of power in the Balkans upon the dissolution of USSR and hegemony struggles in the post-cold war era within the framework of IPE.

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