Abstract
Global climate change's continuing effect on the Arctic has brought about a fundamental shift in the region's identity as it becomes an ever more active area in the world-system. Economic opportunities such as new shipping routes and a bounty of natural resources that were hitherto ice-locked are becoming accessible as the pace of climate change quickens, garnering increasing attention from actors around the world-system.
This article explores the new geopolitical and economic realities of the Arctic through the lens of world-system analysis by examining the region's budding role in the world-economy and emerging economic opportunities, its unique core-peripheral nature, and its potential to spark a regional hegemonic rivalry between NATO and a Sino-Russian partnership. This article aims introduce the evolving Arctic to world-systems studies and promote further research on the region using the theoretical framework.