Beijing’s Bismarckian Ghosts: How Great Powers Compete Economically

April 13, 2019

by Markus Brunnermeier, Rush Doshi and Harold James


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Much focus on great power competition is military, but the central battlefield may now be economics. Yet, the twenty-first century United States-China rivalry holds an uncanny resemblance to the nineteenth century Anglo-German one, yielding a useful guide for policymakers to understand four areas of subtle and sophisticated economic competition likely to be employed, beyond the blunt levying of tariffs, and the risks likely to be incurred.