Introduction
The economic power in current global ecosystem has assumed more significance compared to conventional use of military power. The world has become increasingly flat and hence economic influence is becoming more impactful. On an upside, economic influence can be used to promote bilateral and/or multilateral economic relations between nations. On a downside, economic influence can be used to promote specific political, social and, of course, military goals. This is called, for current purposes, economic terrorism. By coercing nations into specific actions – or, for that matter, intimidating nations to backtrack from specific actions – coercive powers (state actors, non-state actors or ...
