Trade is being weaponized – and this is not good. As politicians on both sides of the Atlantic raise the stakes, trade is increasingly a tool of coercion to achieve strategic influence. This book looks at the risks for us all as trade becomes an instrument of foreign policy, and it shows how politicians could turn things around.
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"A new sort of trade negotiations is about to dominate the political agenda of the major powers. At a time when the Trans-Pacific Partnership and the North American Free Trade Agreement are being revisited and Brexit is being negotiated, this book shows how the economic benefits of trade are being tied to countries' strategic foreign policy objectives, leading to win–lose bargaining and greater international tensions. It also examines trade in the arms and dual-use sectors, providing a glimpse into hidden Russian–Syrian and Chinese–North Korean flows. The Hardings' book is an ominous and eye-opening preparation for the weaponization of trade to come." — Dame DeAnne Julius, chair of University College London and former chair of the Royal Institute of International Affairs "An invaluable guide to the new world economic order – shaped by Brexit, Donald Trump and the rise of China. In this new world, trade can become a weapon for political aggression rather than a benign instrument for economic progress. A must-read for everyone seeking to understand the emerging twenty-first-century economy." — Andrew Sentance, Senior Economic Adviser to PwC and former member of the Bank of England's Monetary Policy Committee "The politics of trade today are to say the least challenging, and this makes the Hardings' book a timely and thought-provoking work. This is a compelling read for all those engaged in the world of trade – giving us fresh insights, an authoritative analysis and accessible interpretation of the present situation and the dangerous trajectory we find ourselves on." — David Hennah, joint chair of the World Trade Board "At a moment when global trade flows and trade policies are in more flux that at any time since the formation of the post-World War II settlement, this book unpacks the reality of the known as well as the unknown 'knowns' of world trade." — Iain Anderson, executive chairman of Cicero
Dr Rebecca Harding is the CEO of Equant Analytics. She was formerly Chief Economist at the British Bankers Association and a Senior Fellow at London Business School. Jack Harding is studying for a PhD in European Security. He holds an MA in Intelligence and International Security from Kings College, London.
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