Economic Warfare: Lessons from Two World Wars

Mark Harrison ()

CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE)

Abstract: Economic warfare was a product of the total wars of the twentieth century. Four lessons are discussed: (1) Modern economies are resilient under attack. (2) The action of economic warfare is slow. (3) Economic warfare is powerful—eventually. (4) The threat of economic warfare is also powerful—although not always as hoped. To conclude, economic warfare belongs to wars of attrition. In such wars, economic and military measures are complements, not substitutes.

Keywords: blockade; economic warfare; strategic bombing; strategy; war of attrition; World War I; World War II JEL Classification: H56; N44 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-his
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https://warwick.ac.uk/fac/soc/economics/research/c ... tions/wp679.2023.pdf

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Working Paper: Economic Warfare: Lessons from Two World Wars (2023)
Working Paper: Economic Warfare: Lessons from Two World Wars (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:cge:wacage:679

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