The return of power politics to the market is a defining feature of the geoeconomic Zeitenwende, as is currently being experienced in international politics. This has brought renewed attention to the long-standing conventional wisdom that economic activity can not only generate prosperity but also promote foreign and security policy objectives. The analysis and strategy of foreign, security, and economic policy require a clear conceptualisation of the term “geoeconomics”. This is necessary not least to weigh the costs and benefits of geoeconomic measures in a well-founded manner, and to assess their prospects for success more realistically. The contributions to this research paper focus on the theoretical and conceptual foundations of geoeconomic thought and examine selected empirical case studies of geoeconomic action in functionally defined policy areas. In order for German geoeconomic policy to become more effective and coherent, the following approaches are recommended: first, the establishment of interagency structures for the cross-cutting task of geoeconomics; second, the expansion of communication and coordination with relevant stakeholders from the business sector and academia; and third, the strengthening of international cooperation with like-minded partners.
The Arctic and the Arctic-North Atlantic region are gaining in geopolitical relevance as Arctic shipping routes and resources become more accessible. Germany should step up its political, military and economic engagement in this part of the world. A successful German Arctic policy requires closer cooperation both with Arctic states and with partners in the EU and NATO, Germany’s stronger engagement with security policy and the improved integration of civilian and military capabilities. The Arctic-North Atlantic region is to be regarded as a single strategic space and viewed in the context of European security. For its part, Germany should actively contribute to the stabilisation of this space and help preserve the fragile balance in the Arctic. A German Arctic strategy should not only reaffirm principles such as those of a rules-based order and multilateralism; it should also seek to protect them by means of clearly defined political, economic and security policy instruments. In the long term, a German Arctic strategy must go beyond the 2024 guidelines and identify concrete steps to safeguard German interests in the region. It must also establish clear priorities, outline political and security-policy measures, mobilise resources and both generate and demonstrate overall capacity for action. Germany’s new Arctic policy should be more consistently embedded in a policy framework for Europe as a whole. By ensuring close alignment with EU foreign and security policy and playing an active role in the shaping of the EU Arctic strategy, Germany can represent its own interests more effectively and at the same time contribute to Europe’s capacity to act in the region.