An Analysis of Economic Warfare
I develop a framework for assessing economic warfare, which describes efforts to undermine adversaries' sources of income. The ability to target adversarial market participants is a primary determinant of the success of such efforts, as is the elasticity of demand in the relevant market. An application of the framework to US efforts to suppress the Afghan opium trade yields pessimistic results. Inelastic demand and poorly targeted enforcement have led these efforts to increase the drug trade resources flowing toward the Taliban.
Volume (Year): 103 (2013)
Issue (Month): 3 (May)
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- Christopher Foote & William Block & Keith Crane & Simon Gray, 2004.
"Economic Policy and Prospects in Iraq,"
Journal of Economic Perspectives,
American Economic Association, vol. 18(3), pages 47-70, Summer.
- Christopher L. Foote & William Block & Keith Crane & Simon Gray, 2004. "Economic policy and prospects in Iraq," Public Policy Discussion Paper 04-1, Federal Reserve Bank of Boston.
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