Economic warfare
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Economic warfare is the term for economic policies followed as a part of military operations during wartime. The purpose of economic warfare is to capture critical economic resources so that the military can operate at full efficiency and/or deprive the enemy forces of those resources so that they cannot fight the war properly.
There are generally five types or policies followed in economic warfare:
- Blockade
- Blacklisting
- Preemptive Buying
- Rewards
- Capturing of enemy assets
Economic warfare could mostly be seen during World War II when the Allied forces followed these policies to deprive Nazi war machines of critical resources.
More recently the Iraq sanctions imposed by United Nations Security Council resolutions 661 and 687 provide examples of on-going economic warfare.
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