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Trade Wars - Past and Present

Trade Wars - Past and Present

WOLFF Hans-Jürgen , OERMANN Nils Ole

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Summary

  • An interdisciplinary study of trade wars from the early modern period to the present day
  • Provides a clear and accessible account of economic sanctions, trade wars, and economic warfare, investigating their history, ethics, economic driving forces, and legality
  • Assesses the challenge that China poses to the Western model of democracy and free market economies
  • Explores how technological and political change has transformed economic warfare and trade wars since 1989
This book explores the causes and instruments of 500 years of armed and non-armed international trade conflicts. Nils Ole Oermann and Hans-Jürgen Wolff draw on decades of experience to examine trade wars, economic sanctions, and different types of economic warfare, investigating their history, ethics, economic driving forces, and legality under current rules. They provide a clear and accessible account of the economics of trade, of trade and financial policy since the nineteenth century, and of the effectiveness of sanctions and the 'winnability' of trade wars. The book also describes the transformation of economic warfare since 1989, namely in cyberspace and in the world financial system, and shows how China's rise challenges the Western model of democracy and free market economies. The authors conclude with a plea for improved economic statecraft and an overhaul of the current trading regime.

Table of contents

Preface
Introduction: War, trade, and piracy
1:Economics, competition, trade war, and its modern causes
2:The terms economic sanction, trade war, and economic warfare
3:Trade wars and economic warfare in history
4:The ethics of economic warfare
5:Trade wars, economic sanctions and warfare, and the law
6:The economics of trade, effectiveness of economic sanctions, and winnability of trade wars
7:What characterizes economic warfare today? Developments since 1989
8:The Chinese challenge and the disunited West
9:What is to be done? Eight recommendations