Remember: brinkmanship is ­effective only if your adversaries ­believe that you are more prepared to go over the brink than they are. Illustration: Craig Stephens

With US and North Korea each testing the other’s resolve, is the world hurtling towards war? Not quite

Niall Ferguson sees a return of brinkmanship in the latest jousting between the US and North Korea, but though hostilities cannot be ruled out, a war is unlikely

Topic |   North Korea

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Remember: brinkmanship is ­effective only if your adversaries ­believe that you are more prepared to go over the brink than they are. Illustration: Craig Stephens
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