The Illusion of Economic Deterrence

This chapter explores the complexities of trade interdependence and its limited effectiveness in preventing military conflict, particularly between major powers like the U.S. and China. It examines how wartime trade dynamics and domestic political pressures influence decision-making and trade policies, including the coexistence of sanctions and trade during conflicts like the Russia-Ukraine war. The discussion reveals the persistent economic interactions even amidst war, questioning the reliability of economic ties as a deterrent against military escalation.