Economic Guarantees of Security: A New Architecture of Peace

This article introduces and theoretically substantiates the concept of economic guarantees of security — a new class of international commitments aimed at preventing aggression and ensuring the implementation of peace treaties. The traditional security system relies on political and military deterrence, while the economic factor usually plays a reactive role through sanctions and compensation after conflict (Baldwin, 1997). A different approach is proposed- the use of pre-established economic consequences for violations of agreements and, conversely, material incentives for maintaining peace (Rozenfeld, 2024). The key idea is the institutionalization of economic guarantees in the form of “special sections” of international agreements that define concrete financial enforcement mechanisms- funds, bonds, insurance instruments, and asset freezes based on predetermined criteria (Kunreuther & Michel-Kerjan, 2009). This solution makes the security system economically enforceable, turning war into a financially disadvantageous action (Fearon, 1995).