Emerging Markets Finance and Trade

Energy Security and Economic Dynamics in Emerging Markets amid Geopolitical Risk

Escalating geopolitical tensions are driving severe fluctuations in global energy markets. These fluctuations are fundamentally reshaping energy security and economic dynamics in emerging markets. Geopolitical risk, energy security, and economic dynamics are deeply interconnected. They interact through complex channels, such as regional conflicts, diplomatic shifts, and disrupted energy supply chains. These shocks directly threaten energy accessibility, affordability, and reliability. At the same time, they trigger macroeconomic instability, alter growth trajectories, and influence overall development paths. Consequently, addressing energy security concerns is now a paramount priority. Nations are accelerating the development of new energy sources and advancing the energy transition as critical coping measures.
Geopolitical risk poses dual challenges for emerging markets. First, it directly threatens their energy security. Second, it causes profound economic disturbances, including imported inflation, trade imbalances, currency fluctuations, and disruptive capital flows. In response, these economies must implement strategic adjustments across both dimensions. Nations are actively mitigating these risks by diversifying energy imports, using financial hedging, enhancing supply chain resilience, and accelerating the green transition. The core objective of these efforts is to safeguard energy security and stability, while also transforming economic dynamics. These strategies actively reshape cross-border capital flows, industrial structures, and institutional frameworks. This highlights the need to understand the feedback loops between energy systems and the broader economy under geopolitical pressure.

This special issue aims to explore how energy security and economic dynamics interact in emerging markets amid geopolitical risk. We welcome studies examining how shocks in one area affect the other. We also encourage research on formulating comprehensive policy responses. We invite both theoretical and empirical research on these topics. Submissions should investigate implications for macroeconomic stability, financial resilience, industrial adjustments, sustainable growth, and socioeconomic development. This special issue aligns with the core mission of EMFT. It seeks to deepen our understanding of how emerging economies can achieve sustainable and secure development despite geopolitical headwinds.

This special issue particularly focuses on, but is not limited to, the following themes:

• Geopolitical shocks: Transmission to energy markets and economic activities
• Energy security strategies and their impacts on investment, trade, and industrial dynamics
• Financial market volatility and energy security financing
• Cross-border capital flows, exchange rates, and the vulnerability of energy imports
• The role of hedging strategies in energy markets for mitigating economic risks
• Trade pattern restructuring, energy diversification, and economic resilience
• Financing the green energy transition amid geopolitical risks
• Energy price volatility, corporate productivity, and overall economic performance
• A comprehensive policy framework balancing energy security and economic stability
• The socioeconomic impacts of energy insecurity in emerging markets
• Geopolitical shocks, trade policy uncertainty, and international economic development
• The green energy transition and energy security resilience
• Accelerating energy transition through green innovation amid energy risks
• Supply chain resilience and economic development under trade policy uncertainty

All papers must closely align with the economic, financial, or trade dimensions of these themes. Furthermore, submissions should adopt rigorous research methods meeting the standards of international journals in applied economics and finance.