1. World problems
  2. Economic conflict

Economic conflict

  • Economic invasion
  • Economic aggression
  • Economic infiltration
  • Trade war
  • Economic warfare

Nature

Economic warfare is interference in international economic relations by a state, or group of states, for the purpose of improving their relative economic, political or military position. While conventional means of warfare are becoming increasingly less effective during long conflicts, economic and other less obvious means of warfare (guerrilla warfare) may be more effective or disruptive to the enemy.

Trade wars have resulted from attempts by governments to regulate their economies in such a way as to increase their power at the expense of rival countries. This primarily involves attempts to create surpluses of exports over imports. The belief that such surpluses signify national strength and security has led governments to follow policies that have come to be described as 'beggar thy neighbour' policies. By means of tariffs, quotas and devaluation of currencies, governments seek to reduce the entry of foreign goods into their own markets while trying to sell as much as possible to other countries.

Incidence

The most disastrous trade wars occurred during the 1930s in Europe. They created such instability that trade declined and finally collapsed, bringing on the period of the 'great depression'.

Broader

Conflict
Presentable

Narrower

Economic unrest
Presentable
Refusal to sell
Yet to rate
Price warfare
Yet to rate
Continentalism
Yet to rate

Aggravates

Enemies
Presentable

Aggravated by

Related

War debt
Presentable
Imperialism
Presentable

Strategy

Invading
Yet to rate
Economic warfare
Yet to rate

Value

War
Yet to rate
Uneconomic
Yet to rate
Invasion
Yet to rate
Infiltration
Yet to rate
Conflict
Yet to rate
Aggression
Yet to rate

Reference

SDG

Sustainable Development Goal #8: Decent Work and Economic Growth

Metadata

Database
World problems
Type
(C) Cross-sectoral problems
Subject
  • Commerce » Trade
  • Defence » Conflict
  • Defence » War
  • Economics » Economic
  • Societal problems » Maltreatment
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    Apr 29, 2022