Articles

Power transitions affect a state’s ability to exercise economic statecraft. As a dominating and a rising power approach parity, they face structural incentives to decouple their economies. This decoupling affects business-state relations: high-value businesses within the dominant power tend to oppose their state’s economic statecraft because of its costs to them, whereas low-value businesses within the rising power tend to cooperate because they gain from it. 

Peaking great powers facing a slowdown in growth are likely to try to violently shake up the world. These findings amend classic theories of great power conflict. They help explain some of the most consequential geopolitical events in modern history. And they have ominous implications for contemporary Chinese foreign policy. 

China leverages its market in a form of “predatory liberalism” that weaponizes the networks of interdependence created by globalization. ne response to China’s bullying would be for its targets to form an alliance to retaliate against China’s high-dependence trade should Beijing act against any alliance members. 

Calder Walton says both seek to topple the United States from atop world stage, with China's blend of money, influence, all-hands-on-deck approach posing the greater threat.

Overall, "sanctions-proofing" activities by governments do not offer an impermeable shield against financial sanctions due to the strength of the US dollar, the reach of multilateral sanctions, and the speed with which coordinated sanctions can be imposed. However, some sanctions-proofing strategies enable governments to continue pursuing their goals despite sanctions pressure. Analysis of Russia's adaptations to the sanctions should temper expectations of sanctions' ability to alter wartime behavior. The threat of sanctions did not deter war and the initial imposition of sanctions did not coerce a change in the decision to wage war.

This paper examines the understudied role of international engagement, and of specific international actors, in greening China’s Belt-and-Road Initiative.

A textbook case of coercive diplomacy, Hezbollah's maneuver was calculated and deliberate, which reflects the group's strategic expertise. Drawing on open-source materials and public statements in Arabic and Hebrew, this article analyzes Hezbollah's coercive-diplomacy campaign and examines its implications for escalation scenarios between Israel and its central military opponent.

In the wake of the global financial crisis of 2008, China began to move away from the market-based approach that had shaped its economic policies for three decades, and toward something that might be termed "party-state capitalism," which involves a high degree of CC control over strategic sectors of the economy. This has led to significant changes in the U.S.-Chinese economic relationship, as both sides have made efforts to secure supply chains, screen inward and outward capital flows, diminish the power of global firms, and reorganize alliances to protect against economic coercion.

Economic interdependence has long been considered important to international peace. Questions about harmful effects of the free flow of capital, however, are arising. China and Organization for Economic Co-operation and Development countries are increasingly involving their business firms in security and intelligence work, causing a security dilemma dynamic that increases economic competition.

Appearing at a hearing May 12 before the House Foreign Affairs Committee’s Subcommittee on Asia, the Pacific, Central Asia, and Nonproliferation, Park discussed U.S policy towards North Korea and described the challenges of using sanctions as a deterrent for North Korea’s nuclear saber rattling. Specifically, Park pointed to China’s deepening economic engagement with North Korea as one reason why western sanctions have largely failed to change Pyongyang’s behavior. “By free-riding off of China’s financial and domestic marketplace systems, North Korea can conduct vital commercial transactions beyond the reach of American sanctions,” Park said.