Abstract

The paper discusses the geo dimensions of the new world order, with particular emphasis on the increasing role of geoeconomics, and its impact on US national strategy. While the paper uses the US experience to illustrate the growing importance of geoeconomic considerations, the issues raised have direct bearing on many other nations throughout the world. US post Cold War strategy is determined by its three geo challenges. The most important is the geoeconomic challenge caused by the tri-polar division of the world along trading bloc lines, instant global communication and other technologies overcoming the constraints of physical geography, transnational corporations (TNCS) that are becoming supranational in character, and the emergence of a well educated global labor force. The geopolitical challenge is characterized by America's declining relative economic power and its traditional military allies having become economic competitors, while religious, ethnic, and regional tensions threaten its global interests. The third challenge is the military geography issue of effectively projecting power over distance, within the constraints of greatly reduced budgets and loss of overseas bases.

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