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Mirza M. HamzaThe Diplomat |
The economic brunt of a prolonged war would be borne by the Indian and Pakistani people, who have no part in it but no escape from its consequences.
Most Asian nations have are adapting to the trade war with a mix of economic realism, diplomatic agility, and selective state intervention.
The tit-for-tat measures announced by India and Pakistan resemble a classic prisoner’s dilemma, where each side views escalatory retaliation as...