ABSTRACT
This chapter outlines the theory for an ideal and rational Russian geoeconomic strategy for Eurasian integration. It argues that rational states increasingly rely on economic statecraft, especially economic connectivity, to augment their bargaining power vis-à-vis other states. The theory of geoeconomic statecraft will first be outlined. Second, repudiating the assumption of rationality is imperative due to the complexity of geoeconomic statecraft. Rationality is defined in terms of decision makers embracing the geoeconomic balance of power logic to maximise security. This entails abandoning inexpedient ideological commitment to laissez faire capitalism that has endowed maritime powers with competitive advantage. Third, modern geoeconomics implies that regionalism is instrumental in developing collective bargaining power. Integration schemes are primarily motivated to develop favourable symmetry in relations with competing powers. Lastly, it will be argued that geoeconomic strategies for Eurasian integration recast Mackinder's heartland theory in the context of economic statecraft.
