Since the prohibition of the threat or use of force and the resurgence of (economic) nationalism, economic warfare has become an increasingly important substitute for actual hostilities between states. Its manifestations range from medieval sieges to modern day trade wars. Despite its long history, economic warfare remains an elusive term, foreign to international law. This book seeks to identify those portions of international law that are applicable to economic warfare. What is the status quo of regulation? Is there a jus ad bellum oeconomicum? A jus in bello oeconomico? After putting forward its own definition of economic warfare, the book reviews historical case studies – reflecting the three main branches of international economic law: trade, investment and currency – to identify pertinent legal boundaries. While the case studies reveal that numerous rules of international (economic) law regulate (specific measures of) economic warfare, it remains to be seen whether – analogously to the prohibition of the threat or use of force – these selective limitations have the potential to coalesce into a general prohibition of economic warfare in the future.

This book describes how international law regulates the problems that arise where economic activity meets violent conflict.

EconomicWarfare and the Sea examines the relationship between trade, maritimewarfare, and strategic thought between the early modern period and thelate-twentieth century. Using a variety of geographic and chronologicalexamples, it presents a longue duree approach to a crucial theme in maritimestrategic thought.

This volume collects articles on the law of armed conflict and the use of force from the Max Planck Encyclopedia of Public International Law, to facilitate easy access to content from the leading reference work in international law.

The 1990s have been labeled the ‘Sanctions Decade’, since they witnessed an unprecedented intensification of the use of collective non-military enforcement measures, and in particular sanctions, by the post-Cold War reactivated Security Council. This Research Handbook studies the current practice of UN sanctions in international law, their interrelationship with other regimes and substantive areas of law, as well as issues arising from their implementation and application at the domestic level.

Economic Warfare and the Sea examines the relationship between trade, maritime warfare, and strategic thought between the early modern period and the late-twentieth century. Featuring contributions from renown historians and rising scholars, this volume forwards an international perspective upon the intersection of maritime history, strategy, and diplomacy. Core themes include the role of ‘economic warfare’ in maritime strategic thought, prevalence of economic competition below the threshold of open conflict, and the role non-state actors have played in the prosecution of economic warfare. Using unique material from 18 different archives across six countries, this volume explores critical moments in the development of economic warfare, naval technology, and international law, including the Anglo-Dutch Wars, the French Revolutionary and Napoleonic Wars, the First World War, and the Second World War. Distinct chapters also analyse the role of economic warfare in theories of maritime strategy, and what the future holds for the changing role of navies in the floating global economy of the twenty-first century.

Gabriela A. Frei addresses the interaction between international maritime law and maritime strategy in a historical context, arguing that both international law and maritime strategy are based on long-term state interests. Great Britain as the predominant sea power in the nineteenth and early twentieth centuries shaped the relationship between international law and maritime strategy like no other power. This study explores how Great Britain used international maritime law as an instrument of foreign policy to protect its strategic and economic interests, and how maritime strategic thought evolved in parallel to the development of international legal norms. Frei offers an analysis of British state practice as well as an examination of the efforts of the international community to codify international maritime law in the late nineteenth and early twentieth centuries. Great Britain as the predominant sea power as well as the world's largest carrier of goods had to balance its interests as both a belligerent and a neutral power. With the growing importance of international law in international politics, the volume examines the role of international lawyers, strategists, and government officials who shaped state practice. Great Britain's neutrality for most of the period between 1856 and 1914 influenced its state practice and its perceptions of a future maritime conflict. Yet, the codification of international maritime law at the Hague and London conferences at the beginning of the twentieth century demanded a reassessment of Great Britain's legal position.

This book explores the causes and instruments of 500 years of armed and non-armed international trade conflicts. Nils Ole Oermann and Hans-Jürgen Wolff draw on decades of experience to examine trade wars, economic sanctions, and different types of economic warfare, investigating their history, ethics, economic driving forces, and legality under current rules. They provide a clear and accessible account of the economics of trade, of trade and financial policy since the nineteenth century, and of the effectiveness of sanctions and the 'winnability' of trade wars. The book also describes the transformation of economic warfare since 1989, namely in cyberspace and in the world financial system, and shows how China's rise challenges the Western model of democracy and free market economies. The authors conclude with a plea for improved economic statecraft and an overhaul of the current trading regime.