Weaponized Interdependence: Global Monopolies as the Sources of Power
This paper focuses on the weaponization of interdependences among states. Weaponization refers to one state restricting its international economic relationships (or ‘interdependences’) to inflict economic or political costs on another state. Recent examples include Western sanctions against Russia over Ukraine and Russia’s retaliatory restriction of gas supplies to several European states. We know surprisingly little about two related questions: what determines whether a particular international economic relationship can be weaponized effectively?