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One school of thought, belonging to the economic interdependence the- ory, tells us that such deeply interconnected economies would be reluc- tant to escalate rivalries to the military level by pursuing intense hard-balancing strategies.
It can be employed even in periods of intense rivalry in order to delegitimize an opponent's aggres- sive moves or as a first step toward tougher hard-balancing strategies.
, its European allies, and smaller states in Asia use institutions and sanctions to constrain the aggressive behavior of Russia and China while also employing hard balancing and limited hard-balancing strategies.
Containment is often a strategy of the powerful against a threaten- ing state or coalition, sometimes alongside an overall hard-balancing strategy.
Following the Great War of 1914-18, European states once again resorted to soft balancing through the League of Nations, although they simultaneously relied on hard-balancing strategies.
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