Powernomics and powermetrics : a key to understand security, economics, and international politics

Abstract

Purpose: The aim of the study is to show what relations exist between powernomics, powermetrics, international relations, security, and economics of states. In addition, it is important to show the relationships between the international policy of the state in the context of its power - military, economic or demographic. Approach/Methodology/Design: As the research method, the literature analysis, theoretical foundations of powernomics and powermetrics, as well as statistical data analysis were used. Mathematical formulas were also used to calculate the power of states and to indicate the forecast, how the power of the state influences the position of the state in the international arena. Findings: It was found that powernomics and powermetrics influence the policy of states, their actions in the field of economics, security as well as inter-state relations. Practical Implications: The main effect of the research was to present the following indicators: Regions by general power in 1992-2016 expressed as a percentage of general, military and geopolitical power of two key players in the international arena in 1992-2016. Percentage share of selected countries in international control processes in 2012-2024. Originality/Value: The research provides theoretical assumptions and practical answers to the use of powernomics and powermetrics in the study of economic security of countries. They can also be used in forecasting future wars and armed conflicts.