| Summary/Abstract |
This essay suggests that a state’s economic engagement with a potential military aggressor can be understood as an attempt to increase its deterrent capability. It first introduces the concept of economic deterrence and derives three strategies of economic deterrence from classic deterrence theory: (1) punishment, (2) denial, and (3) diminution. Next, it suggests that economic engagement can be employed to advance the ability, credibility, and communication for economic deterrence, as well as to create favorable conditions to adopt the three economic deterrence strategies. Finally, the essay discusses the requirements for effective employment of engagement policy for economic deterrence.
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