Economy as a strategic tool

The article begins by discussing the use of economic policies as a strategic tool in international conflicts, where they are considered a non-military instrument to achieve geopolitical objectives through sanctions, bans, and other economic measures, rather than resorting to direct military force. It explains that economic policies can offer advantages such as imposing costs on opponents and achieving political outcomes without incurring the human and financial costs of wars. However, they also come with risks and immediate economic costs to the countries employing them, such as reduced productive efficiency, market restrictions, diminished specialization, and decreased incentives for innovation. The article emphasizes that the relationship between international politics and economics has become more interconnected, with an increasing reliance on economic tools to achieve geopolitical aims—particularly in light of challenges posed by the COVID-19 pandemic and Russia's invasion of Ukraine—which have heightened governments' dependence on these policies in facing international tensions.

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