28. Is Economic Statecraft the New Language of Great Power Politics?

What happens when trade rules can’t keep up with the consequences of global economic integration? Jonathan Hackenbroich of the European Council on Foreign Relations explains how countries leverage economic interdependence to apply political pressure in pursuit of a range of policy goals and why the World Trade Organization was not designed to reign in this behavior. He also shares insights on the European Union’s proposed Anti-Coercion Instrument--the bloc’s unprecedented response to rising instances of economic coercion.
Opinions expressed on Trade Matters are solely those of the guest or host and not the Yeutter Institute or the University of Nebraska-Lincoln.
Show Notes
Tough trade: The hidden costs of economic coercion by Jonathan Hackenbroich, Filip Medunic and Pawel Zerka, February 2022
Measured response: How to design a European instrument against economic coercion by Jonathan Hackenbroich and Pawel Zerka, June 2021
Anti-coercion instrument explainer
What Jonathan has been reading lately:
The Economic Weapon: The Rise of Sanctions as a Tool of Modern War by Nicholas Mulder (Yale University Press, 2022)

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