Destined For War: Can America and China Escape Thucydides's Trap?—A Critical Examination of Historical Patterns Leading to War Between Great Powers

by Graham Allison

Overall, comparing the amount the US paid annually to Panama under the final treaty and the amount it (or France) would have paid under six earlier (and less coercive) contracts, TR’s hard bargain likely deprived Panama of yearly revenue anywhere from 1.2 to 3.7 times its annual GDP.63