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Economic warfare is the term for economic policies followed as a part of military operations during wartime.
The purpose of economic warfare is to capture critical economic resources so that the military can operate at full efficiency and/or deprive the enemy forces of those resources so that they cannot fight the war properly.
The concept of economic warfare is most applicable to conflict between nation states, especially in times of total war - which involves not only the armed forces of a nation, but mobilization of the nation's entire economy towards the war effort. In such a situation, causing damage to the economy of the enemy directly damages the enemy's ability to fight the war.
Some of the types or policies followed in economic warfare include:
- Blockade
- Blacklisting
- Preclusive purchasing
- Rewards
- Capturing of enemy assets
Clear examples of economic warfare could be seen during World War II when the Allied powers followed these policies to deprive the Axis economies of critical resources. In turn, the Axis powers attempted to damage the Allied war effort via submarine warfare, and the sinking of supply ships carrying supplies, raw materials, and war related equipment.
See also
- Commerce raiding
- Industrial warfare
- Lend-Lease
- Merchant raider
- Strategic bombing
- Tonnage war
- Total war
- War economy
Notes
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bg:Икономическа война de:Wirtschaftskrieg fr:Guerre économique fi:Taloudellinen sodankäynti he:לוחמה כלכלית zh:经济战
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QA
- What factors led to the economic growth of Japan under the Tokugawa shoguns?
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Criticism
- Twentieth-Century Literary Criticism: Pareto, Vilfredo - Giovanni Demaria (essay date 1949)
- Nineteenth-Century Literary Criticism: Engels, Friedrich - The Economic Journal (essay date 1895)
- Nineteenth-Century Literary Criticism: Malthus, Thomas Robert - Geoffrey Gilbert (essay date spring 1980)
- Twentieth-Century Literary Criticism: Keynes, John Maynard - Allan G. Gruchy (essay date 1949)
