Economic Security: Its Strategic Types and Usefulness

Abstract

The purpose of this paper is to consider economic security (ES) - the use of economic means for national security -,especially focusing on its strategic types and usefulness. A large number of studies have so far been made on economicsanctions, but economic sanctions are just one of various types in ES and comprehensive studies on ES have been surprisinglyfew. ES has eight strategic types in all: signal, strengthening, containment, bribe, coercion, counterbalance, extractionand entrapment. To achieve these strategic aims, a state makes use of all sorts of economic means such as trade,embargo, monetary manipulation, economic aid and currency zone, etc. Some students take a negative position on usefulness of ES. However, because of some strong points in ES and specialcircumstances in contemporary international politics, ES is getting more and more important as a means to pursue nationalsecurity.The purpose of this paper is to consider economic security (ES) - the use of economic means for national security -,especially focusing on its strategic types and usefulness. A large number of studies have so far been made on economicsanctions, but economic sanctions are just one of various types in ES and comprehensive studies on ES have been surprisinglyfew. ES has eight strategic types in all: signal, strengthening, containment, bribe, coercion, counterbalance, extractionand entrapment. To achieve these strategic aims, a state makes use of all sorts of economic means such as trade,embargo, monetary manipulation, economic aid and currency zone, etc. Some students take a negative position on usefulness of ES. However, because of some strong points in ES and specialcircumstances in contemporary international politics, ES is getting more and more important as a means to pursue nationalsecurity

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