Etla: Finland has no choice to adapt as geopolitics replaces globalisation

THE ERA of globalisation has been superseded an era of geopolitics, where change is driven not by businesses but the policy measures of great powers and where the world is diving into blocs that compete against one another with geoeconomic measures, analyses Etla Economic Research.

Geopolitics refers to the role geography has in foreign policy making and geoeconomics to economic measures countries leverage to achieve their foreign policy objectives.