Market Power Politics
Subtitle: War, Institutions, and Strategic Delay in World Politics
Publisher: Oxford University Press, Incorporated
Published: 2021
Language: eng
Format: Hardcover
Number of pages: 282
ISBN-13: 9780197529805
Subjects: Commerce
Description: **A new theory of market power politics that explains when and why states will delay cooperation or even fight wars in pursuit of this elusive goal.**

How are the Iraqi invasion of Kuwait, the Russian incursions into Ukraine and Georgia, and China's occupation of islands in the South China Sea related? All three of these important moments in modern history were driven by the motivation to capture market power. Whether it was oil for Iraq, natural gas for Russia, or rare earth elements for China, the goal isn't just the commodities themselves--it is the ability to determine their price on the global market. In _Market Power Politics_, [Stephen Gent](/authors/OL9742149A) and [Mark Crescenzi](/authors/OL2812156A) develop a new theory of market power politics that explains when and why states will delay cooperation or even fight wars in pursuit of this elusive goal. Empirically examining case studies from different regions of the world, they explore how competition between states over market power can create disruptions in the global political economy and potentially lead to territorial aggression and war. They also provide clear policy recommendations, urging international institutions to establish norms that reduce the potential for open conflict. Ultimately, _Market Power Politics_ shows that nations' desire to increase their market power means that the push for territorial expansion will continue to shape the trajectory of world politics.