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Author Gent, Stephen E., 1976- author.

Title Market power politics : war, institutions, and strategic delays in world politics / Stephen E. Gent and Mark J.C. Crescenzi
Published New York, NY : Oxford University Press, [2021]


Description 1 online resource (xv, 262 pages) : illustrations, maps
Summary "This book explores how market power competition between states can create disruptions in the global political economy and potentially lead to territorial aggression and war. When a state's firms have the ability to set prices in a key commodity market like oil or natural gas, state leaders can benefit from increased revenue, stability, and political leverage. Given these potential benefits, states may be motivated to expand their territorial reach in order to gain or maintain such market power. This market power motivation can sometimes lead to war. However, when states are economically interdependent, they may be constrained from using force to achieve their market power goals. This can open up an opportunity for institutional settlements. However, in some cases, institutional rules and procedures can preclude states from reaching a settlement in line with their market power ambitions. When this happens, states may opt for strategic delay and try to gradually accumulate market power over time through salami tactics. To explore how these dynamics play out empirically, we examine three cases of market power competition in hard commodity markets: Iraq's invasion and occupation of Kuwait to seize market power in the oil export market, Russia's territorial encroachment into Georgia and Ukraine to preserve and expand its market power in the natural gas market, and China's ongoing use of strategic delay and gray zone tactics in the South and East China Seas to maintain its dominant position in the global market for rare-earth elements"-- Provided by publisher
Bibliography Includes bibliographical references and index
Notes Description based on online resource; title from PDF title page (Oxford Scholarship Online, viewed on April 16, 2021)
Subject International economic relations.
Natural resources.
Globalization -- Economic aspects
War -- Economic aspects.
natural resources.
Globalization -- Economic aspects
International economic relations
Natural resources
War -- Economic aspects
Form Electronic book
Author Crescenzi, Mark J. C., 1970- author
LC no. 2020034296
ISBN 9780197529843