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Cod Wars
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== Lessons drawn for international relations == International relations scholars such as [[Robert Keohane]], [[Joseph Nye]], [[Hans Morgenthau]], [[Henry Kissinger]] and [[Richard Ned Lebow|Ned Lebow]] have written on the Cod Wars.<ref name="Steinsson2016" /> The 2016 review article finds that lessons from the Cod Wars have most commonly been applied to [[Liberalism (international relations)|liberal]] and [[Realism (international relations)|realist]] schools of [[international relations theory]] and theories on [[Inequality of bargaining power|asymmetric bargaining]].<ref name="Steinsson2016" /> It claims that the Cod Wars are widely seen as inconsistent with the precepts of the [[Liberalism (international relations)|liberal peace]], since democracy, trade and institutions are supposed to pacify interstate behaviour.<ref name="Steinsson2016" /> A 2017 study argues that the "supposedly pacifying factors of the liberal peace β democracy, trade and institutional ties β effectively made the disputes more contentious".<ref name=":1" /> The Cod Wars are also held up as an example of the decreasing salience of [[hard power]] in international relations, with implications for realist theory which emphasizes the importance of hard power.<ref name="Steinsson2016" /> Theorists on asymmetric bargaining have emphasized how Iceland, lacking structural power, can still have an issue power advantage, with its greater commitment to the cause.<ref name="Steinsson2016" /> [[File:Rockall EEZ topographic map-en.svg|thumb|right|The current [[exclusive economic zone]]s of Iceland, the [[Faroe Islands]], the [[Exclusive economic zone of the United Kingdom|United Kingdom]] and of [[Republic of Ireland|Ireland]].]]
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