What economics can teach foreign-policy types

Hirschman rejected the naive belief that because trade is voluntary and mutually beneficial, it is geopolitically innocuous. Benefits can be mutual without being symmetrical. And if one country depends less on a relationship than its partner, it can extract concessions by threatening to walk away.
What economics can teach foreign-policy types
https://economist.com/finance-and-economics/2025/07/24/what-economics-can-teach-foreign-policy-types
from The Economist

Comments

Popular posts from this blog

The Spillover Effects of Water Supply Infrastructure Development: A Theoretical Model | Asian Development Bank

Asian Water

Drinking Water is Food