economic warfare

economic warfare

Use of economic measures by governments engaged in international conflict. These may include export and import controls, shipping controls, trade agreements with neutral nations, and so on. Economic warfare among belligerents began with the blockade and interception of contraband. In World War II it was broadened to include economic pressure applied to neutral countries from which the enemy obtained its supplies. In the Cold War it often involved using measures such as an embargo to deny potential enemies goods that might contribute to their war-making ability.

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economic warfare [‚ek·ə′näm·ik ′wȯr‚fer]

(ordnance)

The defensive use in peacetime, as well as during a war, of any means by military and civilian agencies to maintain or expand the economic potential for war of a nation and its (probable) allies; and, conversely, the offensive use of any measure in peace or war to diminish or neutralize the economic potential for war of the (likely) enemy nation and its accomplices.