In this episode of Diplomacy and International Relations by Bastian Friborg, we dive deep into the power structures shaping the global economy through Marxist and critical theory lenses. Explore provocative frameworks like dependency theory and world-systems analysis, which challenge mainstream economic narratives and reveal the underlying dynamics driving global inequality.

We discuss key theorists including Andre Gunder Frank and Emmanuel Wallerstein, unravel the concepts of core, periphery, and semi-periphery nations, and analyze mechanisms like resource extraction, unequal exchange, and financial subordination. Special attention is paid to Robert W. Cox’s neogramscian approach and Alf Hornborg’s ecological critique, which connects economic power to the physical transfer of energy and resources.

Whether you’re curious about the historical roots of global capitalism or the structural challenges to sustainability and equity, this episode is packed with questions and insights for policymakers, students, and anyone interested in international political economy.

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