American National Security Has an Economic Blindspot

Justin Muzinich

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The world has entered an era in which economic conflict can increasingly determine the fate of nations. While the use of economic tactics to gain geopolitical advantage extends back to ancient Greece, globalization has amplified the consequences of potential disruptions in trade and money flows, leaving the United States in unfamiliar territory. When the last great-power rivalry ended in the late 1980s, the value of world trade was about 37 percent of GDP globally. Today, as great-power tensions rise again, global trade stands at 57 percent of the world’s GDP. Perhaps even more important, U.S. economic integration with China is