Columbia International Affairs Online: Journals

CIAO DATE: 05/2012

"Trading on Preconceptions: Why World War I Was Not a Failure of Economic Interdependence"

International Security

A publication of:
Belfer Center for Science and International Affairs, Harvard University

Volume: 36, Issue: 4 (Spring 2012)


Erik Gartzke
Yonatan Lupu

Abstract

A close look at the events leading up to World War I reveals that the war was not a failure of economic integration as many scholars have claimed. The conflict began in a weakly integrated portion of Europe, and the more integrated powers were roped in through their alliances. Before the war, the interdependent powers were able to resolve crises without bloodshed, but they were also incentivized to increase their commitment to the less interdependent powers. Had globalization pervaded Eastern Europe, or if the rest of Europe had been less locked into events in the east, Europe might have avoided a “Great War.”

Full Text

World War I is generally viewed by both advocates and critics of commercial liberal theory as the quintessential example of a failure of economic integration to maintain peace. Yet this consensus relies on both methodologically flawed inference and an incomplete accounting of the antecedents to the war. Crucially, World War I began in a weakly integrated portion of Europe with which highly integrated powers were entangled through the alliance system. Crises among the highly interdependent European powers in the decades leading up to the war were generally resolved without bloodshed. Among the less interdependent powers in Eastern Europe, however, crises regularly escalated to militarized violence. Moreover, the crises leading to the war created increased incentives for the integrated powers to strengthen commitments to their less interdependent partners. In attempting to make these alliances more credible, Western powers shifted foreign policy discretion to the very states that lacked strong economic disincentives to fight. Had globalization pervaded Eastern Europe, or if the rest of Europe had been less locked into events in the east, Europe might have avoided a “Great War.”