Military Power, Conflict, and Trade

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Psychology Press, 2004 - Business & Economics - 292 pages
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Wherever international commerce flows in world politics, military power often flows with it - sometimes as a protector of commerce, sometimes as its promoters and sometimes as a tool of aggression against it. How are military power and international trade related? Do military power and commerce expand together or does military power decline as commerce (and perhaps interdependence) increases? Does this relationship vary across countries and, if so how? Power, Conflict and Trade is a study of the relationship between military power and international commerce among the Great Powers prior to World War I.

After building an argument for a direct relationship between military power and commerce - one grounded in a mercantilist view of state power- and exploring their numerous connections, the book estimates models of the relationship among the Great Powers and explores a great deal of their commercial and military data, all of which is situated in the context of their mutual rivalries. Another question investigated is whether the peacetime conflicts and rivalries of the Great Powers affected their trade relations adversely. There is strong support for the argument that military power and commerce move together in world politics, though there is evidence for an inverse relationship as well.

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The Relevant Approaches to Military Power and Trade
Interdependence Theory and Globalization
Military and Commercial Linkages A Mercantilist Dimension
Models of Great Power Military Spending and Trade
How Interdependent were the Great Powers?
Patterns of Military Power and Commerce Among the Great Powers
Trade Interdependence and Military Rivalry
Military Spending and Regional Trade Six Exploratory Models
A Note on Data Sources and Problems
Specifications for Models in Chapter 4

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Page x - Let us start from the fundamental truth, warranted by history, that the control of the seas, and especially along the great lines drawn by national interest or national commerce, is the chief among the merely material elements in the power and prosperity of nations.
Page 279 - Power and the Purse: Economic Statecraft, Interdependence, and National Security (London: Frank Cass, 2000).
Page xi - The necessity of a navy, in the restricted sense of the word, springs, therefore, from the existence of a peaceful shipping, and disappears with it, except in the case of a nation which has aggressive tendencies, and keeps up a navy merely as a branch of the military establishment.

About the author (2004)

Michael P. Gerace is the Program Co-ordinator and a Professor at the Umbra Institute in Perugia, Italy.

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