Introduction: Economy and Foreign Policy in A Multipolar World

Abstract

Many developing countries hitting the limits of neoliberal globalization have started experimenting with alternative development paradigms, especially since the 2008 global financial crisis, to increase their resilience and reduce their external economic exposure. This book focuses on this transformation and develops a regime coherence framework that explores institutional complementarities between the development and foreign policy regimes to assess under what conditions a country can implement development-oriented foreign policy. We argue that development-oriented foreign policy provides a firm grounding for developing countries to capitalize on the opportunities and reduce the risks under multipolarity. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.