Posted: February 18th, 2022
NATIONAL SECURITY INTEREST AND TRADE ARE BECOMING INCREASINGLY INTERTWINED
Trade and national security are two sides of the coin, and one cannot exist without the other. Trade is something on which every nation depends, and illegal trade can disrupt national security. Thus to co-relate, there is a certain number of rules that are needed to be followed (Biden et al., 2021).In recent years, there has been a number of changes in the national security policies, which in turn have helped the trade policies a lot. This paper focuses on the fact that on how trade and national security are intertwined. Further, this paper focuses on how these have undermined the trade theories to a greater extent.
National security had entered international trade when international trade was going to achieve its goal of a nation’s economic prosperity. The main objective that a government seeks from national security is to solve the problems that are arising from external threats. National security has often been referred to as a protection for the competitive import industries (McCarthy
2021). National security also works on the concern of the export side of the sectors. National security also includes other factors that a nation seeks against thee economic espionage, human protection against terrorism, and energy security. National security is meant to be a safeguard for a country and always protect a nation from external threats. The external threat can be against the military threat. There are two types of threats that a nation can experience, like a direct threat and the indirect threat to the country (Gereffi
2021). The indirect threat has increased in recent years, but the immediate danger can come directly to the military. Primarily the direct danger has come to the military-like during the cold war. The indirect threat can come to a nation’s ally or allies. Then the national security has expanded and emphasized economic security at the beginning of 1980(Malawer
2021). National security has established the importance of financial security, also like in the area of energy security such as oil, which is one of the significant international trade for many countries. The countries have recognized their intellectual property rights as an essential factor for a nation’s international competitiveness. For such reason, national security has been introduced into the world of the global trade system also. For example, the Korean government has also implemented the economic security system and has also included the relevant regulations with them (Terziev
2021). The intelligence agency of Korea has repeatedly introduced the campaign to steal some technologies for other countries or by certain countries with the collaboration of enforcement agencies. Economic security is also related to internet security. Nowadays, the internet has increasing importance for economic activity in daily life. With that, it also carries out some vital information about financial transactions.
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