How do Passy's ideas relate to modern global trade disputes?
My emphasis on the interdependence fostered by trade remains profoundly relevant today. When nations engage in robust economic exchange, the costs of conflict escalate dramatically, affecting supply chains, markets, and the well-being of citizens across borders. The principles of mutual interest and the benefits of open dialogue, which I advocated for through mechanisms like arbitration, are crucial for navigating contemporary trade disputes and preventing them from escalating into wider tensions.
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