Economic wars are the new norm

Harsha Kakar Economic actions are currently preferred options for powerful nations to display their disapproval and impose punishment on adversaries. Wars involving the military are costly in political, human and economic cost, punishing economic actions are not, especially for the nation imposing it.On the contrary, the nation hit by imposition of additional tariff or economic sanctions, the results can be financially devastating. Economic pressure has, on occasions, changed Government thinking, compelling them to toe desired lines. It has broken alliances … Continue reading Economic wars are the new norm