Investment Security and Technological Sovereignty: An Ecosystem Framework for the Post-Globalization Economy
https://doi.org/10.24833/2071-8160-2025-4-103-185-206
Abstract
This article investigates the relationship between investment security and technological sovereignty against the backdrop of accelerating deglobalization and the return of mercantilist and protectionist strategies. The erosion of radical globalization has forced states to reconsider their dependence on global supply chains and foreign technologies, placing renewed emphasis on national investment potential as the foundation of technological independence. The study asks which theoretical frameworks and methodological approaches can support the pursuit of technological sovereignty while maintaining effective control over investment flows. To address this question, it combines established approaches to economic security with the author’s development of an ecosystem perspective. The ecosystem approach is shown to provide a useful framework for balancing the imperatives of sovereignty with the continuing need for external investment, by coordinating the goals of states, business, and society. Comparative evidence from the United States, the European Union, China, and Japan illustrates how different strategies are employed to reconcile sovereignty with investment security: from tariff and FDI controls to supply-chain resilience measures and selfsufficiency programs. The analysis also suggests that, under current conditions, resource-export models—previously sidelined in an era of globalization—may regain relevance if paired with targeted mechanisms of revenue distribution.
The article concludes that an ecosystem view expands the set of indicators of investment security, integrating traditional metrics with new measures of supply-chain stability, digital risks, and institutional resilience. This framework provides a conceptual and practical basis for achieving technological sovereignty without undermining the inflow of investments essential for long-term development.
Keywords
About the Author
I. M. StepnovRussian Federation
Igor M. Stepnov – Doctor of Science (Economics), Professor, Professor of the Department of Corporate Finance and Corporate Governance, Chief Researcher at the Institute of Financial and Industrial Policy
125167, Moscow, Leningradsky Prospekt, 49/2
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Review
For citations:
Stepnov I.M. Investment Security and Technological Sovereignty: An Ecosystem Framework for the Post-Globalization Economy. MGIMO Review of International Relations. 2025;18(4):185-206. (In Russ.) https://doi.org/10.24833/2071-8160-2025-4-103-185-206