Deterrence, Diplomacy and the Risk of Conflict Over Taiwan - Paperbackby Bill Emmott (Author) Russia's full scale invasion of Ukraine confirmed that revived great power competition has heightened the prospect of global conflict, while restoring the concept of deterrence to centre stage. The stakes in a conflict in East Asia, however, would be even higher than those in Ukraine. A war over Taiwan could bring the United States and China, the world's two greatest powers, into a direct military conflict which would represent