1-Introduction
2- An overview of different zones of warfare
3- Facts which prove that new war fronts lie in economic zones
- The ghost of US-China Trade war
- Crippling economic sanctions on Iran
- Trade Embargoes on rogue regimes e.g. North Korea
- Suspension of Trade with hostile countries e.g., Indo-Pak trade suspension
- Use of Financial Action Task Force (FATF) listings for non-compliant jurisdictions
- Hurling of Threats to labour exporting countries of repatriation of workers
- Imposition of Tariffs and Quotas
- Political manoeuvering of IMF and World Bank
- Designation of companies and High Net Worth individuals of rival countries (US sanctioning Russian companies, US blacklisting Huawei)
- Restrictions on International Banking Channels
4-Causes behind opening of new economic war fronts
- Geopolitical rivalries
- Physical warfare becoming increasingly costlier and unpredictable
- New world order prohibitive of combat wars
- Race to become
- GDP as a key component of national power
- Nuclear deterrence to physical aggression
- Powerful military dependent on strong economy
5- Recommendations for prevention of economic wars
- Highly instrumental role of United Nations
- Shared commitment to human development
- Stronger adherence to Sustainable Development Goals (SGDs)
- Enabling of independent decision making by IMF /World Bank
- De-politicization of FATF
- Stringent enforcement of WTO rules
- Shared objective of global eradication of poverty and hunger
- Constructive role of Regional trade blocs (ASEAN, BRICS, etc)
6-Conclusion
Regards : Awais Aftab Butt
The writer is a CSS mentor/written qualifier 2019, can be reached at awaisaftabbutt@gmail.com
0323-4326630 (Whatsapp only)
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