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The Political Economy of Trade Wars
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Author(s): Ann Mary Cherian (Christ College, India), Kamal Kumar Rajagopalan (P.P. Savani University, India), Sumanta Bhattacharya (Asian International University, India), Satish Pawar (Balaji College of Arts, Commerce, and Science, India), Nilesh Anute (Sri Balaji University, India), P. Selvakumar (Department of Science and Humanities, Nehru Institute of Technology, Coimbatore, India)and T. C. Manjunath (Rajarajeswari College of Engineering, India)
Copyright: 2026
Pages: 24
Source title:
Geopolitical and Economic Consequences of Trade Policies and Tariffs
Source Author(s)/Editor(s): Renata Thiébaut (AI Global Exchange Forum, Canada)and Marc Selgas-Cors (Universitat de Barcelona, Spain)
DOI: 10.4018/979-8-3373-3835-4.ch002
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Abstract
In the complex web of global economics, few concepts have sparked as much debate, policy intervention, and public interest as trade. Trade—the exchange of goods, services, and capital across international borders—has long been championed as a driver of economic growth, innovation, and international cooperation. Since the end of World War II, the global economic order has largely trended toward liberalization, fostering a rules-based system designed to reduce tariffs, eliminate trade barriers, and integrate markets across continents. Institutions like the General Agreement on Tariffs and Trade (GATT), and later the World Trade Organization (WTO), were created to promote free trade principles and resolve disputes within a structured framework. This post-war period of globalization ushered in unprecedented levels of economic interdependence, transforming domestic economies and reshaping geopolitical alliances.In the intervention, and public interest as trade.
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