Strategy for national economic security in the context of trade wars and economic sanctions

Abstract

The concept of «economic potential» is widely used in national economic security research. But usually, it may turn inadequate in case of analysis trade war and politically motivated economic sanctions. We argue that it can be replaced with game theory concept of bargaining power. In the result of the change in paradigm, all the involved parties can get the common strategy of resolving the conflict. As an example, the PRC – USA trade war is taken.