Economic wars

Trade and economic conflicts are increasingly in the headlines. Donald Trump’s use of economic sanctions to push through his own economic and political interests has been common practice since he became President. There is growing concern that a new age of protectionism and unscrupulous competition could put an end to the period of worldwide cooperation. This could have unimaginable consequences for the global economy as well as on political stability worldwide. The authors examine past and present trade wars that have had global repercussions. They also outline what we can learn from these conflicts for the present and the future.