Abstract

Contemporary economic globalization differs from past increases in global commerce, especially because modern foreign direct investment and systems integration techniques allow factories in different countries to specialize in the design and production of parts rather than complete products. Stephen Brooks has argued, based on both liberal and realist logics, that this new form of globalization might bring a “commercial peace,” at least among the great powers. But economic globalization did not simply appear by itself. Firms and governments made conscious decisions through a process of systems integration and strategic planning that led to a wide variety of international economic relationships. That diversity of economic connections combines with the variety of strategic situations in the international environment—variations in geography, national intentions, policy history, etc.—to suggest a range of possible constraints on countries' offensive capability and on the prospects for economic gains from conquest. As has always been the case, conquest in the future will sometimes prove valuable and other times will not. Globalization does not imply the dawn of an era of commercial peace.

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