International Congress on Political, Economic and Social Studies (Bosna Hersek), Sarajevo, Bosna-Hersek, 19 - 22 Mayıs 2017, ss.26-42, (Tam Metin Bildiri)
As globalization gaining ground, politics and economy noticeably influence one another in an
unprecedented way in human history. It is for this very reason International Political Economy
(IPE), a common field encompassing national and international politics and economy, has
come to the fore as a distinct and emerging discipline. By using IPE frameworks, this paper
addresses the struggle for hegemony between great powers over Balkans, in where power
vacuums have arisen after the dissolution of USSR. To do that, study starts with a focused
definition of hegemony encompassing four interrelated functions, namely, military, normative,
economic and institutional. Following an introductory attempt on IPE as a discipline and this
concept, the paper deals with Russian, European and American struggles for hegemony in
Balkans and identifies the ways hegemony is thought to make (dis)order in Balkans. Balkans is
an indispensable region for Russia in terms of security and economy as well as energy transfer.
Balkans is also dear to the United States and Europe due to crises or actors to emerge in the
region would negatively affect the greater Eurasian policy of the United States and jeopardize
the security and stability of EU. All of these competing actors pursue irreconcilable policies by
using military, normative, economic and institutional instruments on their own in Balkans. On
this grounds, the aim of this study is to discuss the way in which each of these actors implement
their policies to control and keep Balkan in their own sphere of influence and end result of this
struggle for hegemony.