On Friday, Japan announced that it was revoking South Korea’s trusted status, which means that South Korean firms will have a far harder time importing goods with potential military uses. In particular, this is likely to affect the export of key chemicals to South Korea. This, in turn, has huge potential consequences for South Korea’s electronics industry, which relies on these chemicals to produce semiconductors and flat-panel screens. As the Nikkei Asian Review reports, Japan’s actions are leading to a widespread boycott of Japanese goods in South Korea. South Korea has also revoked Japan’s trusted status in retaliation.
This is just one especially clear example of a broader phenomenon that we describe in our new article for International Security, Weaponized Interdependence: How Global Economic Networks Shape State Coercion.… Seguir leyendo »