The Uses and Abuses of Weaponized Interdependence

Description

Until recently, globalization was viewed, on balance, as an inherently good thing that would benefit people and societies nearly everywhere. Now there is growing concern that some countries will use their position in globalized networks to gain undue influence over other societies through their dominance of information and financial networks, a concept known as “weaponized interdependence.” In exploring the conditions under which China, Russia, and the United States might be expected to weaponize control of information and manipulate the global economy, the contributors to this volume challenge scholars and practitioners to think differently about foreign economic policy, national security, and statecraft for the twenty-first century. The book addresses such questions as: What areas of the global economy are most vulnerable to unilateral control of information and financial networks? How sustainable is the use of weaponized interdependence? What are the possible responses from targeted actors? And how sustainable is the open global economy if weaponized interdependence becomes a default tool for managing international relations? The Uses and Abuses of Weaponized Interdependence 1 Theory 17 How Global Economic Networks Shape State Coercion 19 The National Security Determinants of Weaponized Interdependence 67 How Interdependence Gives Revisionists Weapons for Change 84 Finance 99 Weaponized Interdependence and International Monetary Systems 101 Weaponized International Financial Interdependence 115 StateOwned Networks 201 The US F35 and European Eurofighter Networks 203 Coercion Unbound? Chinas Belt and Road Initiative 221 Responses to Weaponized Interdependence 237 Weaponized Interdependence the Dynamics of TwentyFirst Century Power and US Grand Strategy 239 Investment Screening in the Shadow of Weaponized Interdependence 257 Weaponized Interdependence and Human Rights 273 Muse the Weak Suffer What They Must? The Global South in a World of Weaponized Interdependence 289 Tech 131 Internet Platforms Weaponizing Choke Points 133 Huawei 5G and Weaponized Interdependence 149 Energy 167 Weaponizing Energy Interdependence 169 A Case Study in Misused Interdependence 185 A Research Agenda 305 Contributors 323 Index 331 Back Cover 344 Copyright