Dr. M. (Milan) Babic
Associate Professor
Faculty of Social and Behavioural Sciences
Programme group: Political Economy and Transnational Governance
Visiting address
- Nieuwe Achtergracht 166
Postal address
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Postbus 15578
1001 NB Amsterdam
Contact details
Social media
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About
Milan is Associate Professor in the Political Economy of Finance in the Political Economy and Transnational Governance (PETGOV) programme group. His research deals with the transition of the global political economy towards a post-neoliberal global order. He specifically works on the political economy of decarbonization, green finance and geoeconomics.
Milan is Principal Investigator of the Veni Project 'Decarbonization under geopolitical distress' (funded by the Dutch Research Council, NWO) as well as of the DECARB Project (funded by the Independent Research Fund Denmark). He also holds an Early Career Fellowship from the Independent Social Research Foundation (ISRF).
Milan is currently serving as editor at the Review for International Political Economy (2026-29). He is also a co-founder and organizer of the Geoeconomics Network (V) at the Society for the Advancement of Socio-Economics (SASE).
Previously, Milan was an Assistant Professor of Global Political Economy at Roskilde University and worked as a postdoctoral researcher at Maastricht University.
You can find out more on milanbabic.com.
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Publications
- refereed (23)
- academic (5)
- professional (1)
- popular scientific (8)
- recognitions (4)
- doctoral thesis (1)
2026
- Abels, J., & Babić, M. (2026). Cable wars? Mapping the political economy of submarine cables in an era of geoeconomic competition. Globalizations. Advance online publication. https://doi.org/10.1080/14747731.2025.2599691
2025
Babic, M., & Linsi, L. (2025). Mapping corporate investments between China and Europe in an era of geoeconomic competition. Journal of Common Market Studies, 63(3), 932-963. https://doi.org/10.1111/jcms.13672 [details]- Babic, M., Fichtner, J., & Heemskerk, E. (2025). Corporate Networks. In J. C. W. Pevehouse, & L. Seabrooke (Eds.), The Oxford Handbook of International Political Economy (pp. 403–418 ). (Oxford Handbooks of International Relations). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780198793519.013.50 [details]
- Babić, M., & Mertens, D. (2025). Decarbonization under geoeconomic distress? Energy shocks, carbon lock-ins, and Germany’s pathway toward net zero. Regulation & Governance, 19(2), 448-468. https://doi.org/10.1111/rego.12634 [details]
2024
- Babic, M. (2024). Green finance in the global energy transition: Actors, instruments, and politics. Energy Research & Social Science, 111, Article 103482. https://doi.org/10.1016/j.erss.2024.103482
- Ylönen, M., Raudla, R., & Babic, M. (2024). From tax havens to cryptocurrencies: Secrecy-seeking capital in the global economy. Review of International Political Economy, 31(2), 563-588. https://doi.org/10.1080/09692290.2023.2232392
2023
- Babic, M. (2023). State capital in a geoeconomic world: mapping state-led foreign investment in the global political economy. Review of International Political Economy, 30(1), 201-228. https://doi.org/10.1080/09692290.2021.1993301 [details]
- Babic, M., & Dixon, A. D. (2023). Decarbonising states as owners. New Political Economy, 28(4), 608-627. https://doi.org/10.1080/13563467.2022.2149722
- Babic, M., & Sharma, S. E. (2023). Mobilising Critical International Political Economy for the Age of Climate Breakdown. New Political Economy, 28(5), 758-779. https://doi.org/10.1080/13563467.2023.2184468
- Babic, M., Dixon, A. D., & Fichtner, J. (2023). Varieties of state capital: What does foreign state-led investment do in a globalized world? Competition & Change, 27(5), 663-684. https://doi.org/10.1177/10245294221139524 [details]
- Babić, M. (2023). The Rise of State Capital: Transforming Markets and International Politics. (Comparative Political Economy). Agenda Publishing. https://library.oapen.org/handle/20.500.12657/61350 [details]
2022
- Alami, I., Babic, M., Dixon, A. D., & Liu, I. T. (2022). Special issue introduction: what is the new state capitalism? Contemporary Politics, 28(3), 245-263. https://doi.org/10.1080/13569775.2021.2022336
- Alami, I., Dixon, A. D., Gonzalez-Vicente, R., Babic, M., Lee, S.-O., Medby, I. A., & de Graaff, N. (2022). Geopolitics and the ‘New’ State Capitalism. Geopolitics, 27(3), 995-1023. https://doi.org/10.1080/14650045.2021.1924943
- Babic, M., Huijzer, J., Garcia-Bernardo, J., & Valeeva, D. (2022). How does business power operate? A framework for its working mechanisms. Business and Politics, 24(2), 133–150. https://doi.org/10.1017/bap.2021.19 [details]
- Babić, M., & Dixon, A. D. (2022). Is the China Effect Real? Ideational Change and the Political Contestation of Chinese State-Led Investment in Europe. The Chinese Journal of International Politics, 15(2), 111–139. https://doi.org/10.1093/cjip/poac009 [details]
- Babić, M., Dixon, A. D., & Liu, I. T. (2022). Geoeconomics in a Changing Global Order. In M. Babić, A. D. Dixon, & I. T. Liu (Eds.), The Political Economy of Geoeconomics: Europe in a Changing World (pp. 1-27). (International Political Economy Series). Palgrave Macmillan. https://doi.org/10.1007/978-3-031-01968-5_1 [details]
- Babić, M., Dixon, A. D., & Liu, I. T. (2022). Moving Forward: Understanding the Geoeconomic Decade of the 2020s. In M. Babić, A. D. Dixon, & I. T. Liu (Eds.), The Political Economy of Geoeconomics: Europe in a Changing World (pp. 187-206). (International Political Economy Series). Palgrave Macmillan. https://doi.org/10.1007/978-3-031-01968-5_8 [details]
- Babić, M., Dixon, A. D., & Liu, I. T. (Eds.) (2022). The Political Economy of Geoeconomics: Europe in a Changing World. (International Political Economy Series). Palgrave Macmillan. https://doi.org/10.1007/978-3-031-01968-5 [details]
2021
- Babic, M. (2021). The COVID-19 Pandemic and the Crisis of the Liberal International Order: Geopolitical Fissures and Pathways to Change. Global Perspectives, 2(1), Article 24051. https://doi.org/10.1525/gp.2021.24051
2020
- Babic, M. (2020). Let's talk about the interregnum: Gramsci and the crisis of the liberal world order. International Affairs, 96(3), 767–786. https://doi.org/10.1093/ia/iiz254 [details]
- Babic, M., Garcia-Bernardo, J., & Heemskerk, E. M. (2020). The rise of transnational state capital: state-led foreign investment in the 21st century. Review of International Political Economy, 27(3), 433-475. Advance online publication. https://doi.org/10.1080/09692290.2019.1665084 [details]
2019
- Babic, M. (2019). Stabilisierung, Vertiefung und Konsolidierung der Economic Governance: Elitenstrategien in der europäischen Krise. In H.-J. Bieling, & S. Guntrum (Eds.), Neue Segel, alter Kurs?: Die Eurokrise und ihre Folgen für das europäische Wirtschaftsregieren (pp. 109-138). (Globale Politische Ökonomie). Springer VS. https://doi.org/10.1007/978-3-658-25037-9_5 [details]
2017
- Babic, M., Fichtner, J., & Heemskerk, E. M. (2017). States versus Corporations: Rethinking the Power of Business in International Politics. The international spectator: Italian journal of international affairs, 52(4), 20-43. https://doi.org/10.1080/03932729.2017.1389151 [details]
2024
- Babić , M., de Graaff, N., Linsi, L., & Weinhardt, C. (2024). The Geoeconomic Turn in International Trade, Investment, and Technology. Politics and Governance, 12, Article 9031. https://doi.org/10.17645/pag.9031 [details]
2019
- Babic, M. (2019). Actors, Not Markets: Bringing Corporate Power Back in International Studies [Review of: J. Mikler (2018) The Political Power of Global Corporations]. International Studies Review, 21(1), 175-176. https://doi.org/10.1093/isr/viy059 [details]
2018
- Babic, M., Heemskerk, E., & Fichtner, J. (2018). Who is more powerful – states or corporations?. Web publication or website, The Conversation. https://theconversation.com/who-is-more-powerful-states-or-corporations-99616 [details]
2017
- Babic, M., & Wilson, K.-A. (2017). Neymar and State Money: How Sovereign Investment enters Global Capitalism. Web publication or website, Medium. https://medium.com/@UvACORPNET/neymar-and-state-money-how-sovereign-investment-enters-global-capitalism-41e329c2d213 [details]
2015
- Babic, M. (2015). Europäische Welten in der Krise. Arbeitsbeziehungen und Wohlfahrtsstaaten im Vergleich. In H.-J. Bieling, & D. Buhr (Eds.), Europäische Welten in der Krise: Arbeitsbeziehungen und Wohlfahrtsstaaten im Vergleich (pp. 137–164). (International Labour Studies). Campus Verlag.
2020
- Babic, M. (Author). (2020). Why state capitalism isn’t primarily geopolitical: States like China rarely use foreign investment for geopolitical goals. They try to reap the benefits of a globalised economy.. Web publication or website, International Politics and Society. https://www.ips-journal.eu/regions/global/article/show/why-state-capitalism-isnt-primarily-geopolitical-4022/ [details]
2023
- Babic, M. (2023). Der Staat ist mehr als nur Ordnungsmacht. Web publication or website, Transforming Economies. https://transforming-economies.de/der-staat-ist-mehr-als-nur-ordnungsmacht/
- Babic, M., & Dixon, A. D. (2023). What the Cosco affair told us about Germany’s relations with China. Web publication or website, LSE Blog EUROPP - European Politics and Policy . https://blogs.lse.ac.uk/europpblog/2023/01/16/what-the-cosco-affair-told-us-about-germanys-relations-with-china/
- Babic, M., Germann, J., Koddenbrock, K., & Mertens, D. (2023). Unternehmensmacht und Geoökonomie: Die drei Arenen strategischer Koordination. Web publication or website, Makronom. https://makronom.de/unternehmensmacht-und-geooekonomie-die-drei-arenen-strategischer-koordination-43906
2022
- Babic, M. (2022). State investment is playing an important role for the future of international politics. Web publication or website, LSE Business Review. https://blogs.lse.ac.uk/businessreview/2022/02/22/state-investment-is-playing-an-important-role-for-the-future-of-international-politics/
2020
- Babic, M. (2020). Forging new identities? The erosion of the social base of the liberal international order. Web publication or website, International Affairs at LSE. https://medium.com/international-affairs-blog/forging-new-identities-the-erosion-of-the-social-base-of-the-liberal-international-order-dd47b46ad69c
- Babic, M. (2020). The liberal international order is in crisis. Here is how we can analyse it. Web publication or website, Progress in Political Economy (PPE). https://www.ppesydney.net/the-liberal-international-order-is-in-crisis-here-is-how-we-can-analyse-it/
2019
- Babic, M. (2019). Why Globalization was Not the End of State Power. Global Policy. https://www.globalpolicyjournal.com/blog/11/09/2019/why-globalization-was-not-end-state-power
- Babic, M. (Author). (2019). Reclaiming the commons through state ownership? Maybe not. Web publication or website, OpenDemocracy. https://www.opendemocracy.net/en/oureconomy/reclaiming-commons-through-state-ownership-maybe-not/
Prize / grant
- Babic, M. (2026). NWO Veni grants: How Geopolitical Tensions Are Reshaping Energy Transitions in a Deglobalising World. https://aissr.uva.nl/shared/uva/en/news/news/2026/07/veni-grants-for-28-uva-and-amsterdam-umc-researchers.html?origin=%2ByxIdW4bRwCjN8rZP%2B…
Media appearance
- Babic, M. (31-07-2019). What's wrong with our economy today? [Web] Youtube. What is the problem with our economy today? / How can we fix our economy?. https://www.youtube.com/watch?v=vqlxCt-iPM4
- Babic, M. (06-08-2018). States v Corporations [Radio] Australian Broadcasting Corporation. States v Corporations. https://www.abc.net.au/radionational/programs/counterpoint/states-v-corporations/10066868
- Babic, M., Fichtner, J. R. & Heemskerk, E. M. (19-07-2018). Wer ist mächtiger - Staaten oder Konzerne? [Web]. Wer ist mächtiger – Staaten oder Konzerne?. https://makronom.de/wer-ist-maechtiger-staaten-oder-konzerne-27317
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Ancillary activities
No ancillary activities
Babic, M., & Linsi, L. (2025). Mapping corporate investments between China and Europe in an era of geoeconomic competition. Journal of Common Market Studies, 63(3), 932-963.