The Weaponization of Trade: The Great Unbalancing of Politics and Economics (Perspectives) by Rebecca Harding & Jack Harding

Author:Rebecca Harding & Jack Harding [Harding, Rebecca & Harding, Jack]
Language: eng
Format: epub
Tags: International Relations, Trade & Tariffs, International, Military, Weapons, Political Science, Business & Economics, History, General
ISBN: 9781907994739
Google: mZCCDwAAQBAJ
Amazon: B076TFM16F
Goodreads: 36494846
Publisher: London Publishing Partnership
Published: 2017-10-25T00:00:00+00:00

Conceptualizing hard and soft power through trade

What all of this means is that we can construct a matrix of the G20 that shows the relationship between hard and soft power (see figure 9). This is a stylized representation but nevertheless provides a picture of how trade and hard and soft power are linked to the nation state. We put soft power on the vertical axis (from weak to strong) and hard power on the horizontal axis. Soft power is seen as a function of trade value and trade openness, while hard power is proxied through the correlation between arms trade and GDP and dual-use goods as a share of total trade.

Figure 9. The trade-based soft power–hard power matrix.

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