Cod Wars and institutions are supposed to pacify interstate behavior. 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. 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. A 2017 study argues that the occurrence of the Cod Wars is inconsistent with liberal international relations theory, including the democratic peace thesis, as the "supposedly pacifying factors of the liberal peace – democracy, trade
Cod fisheries needed and areas where opposite observations were gaining press attention. In effect, DFO's opposition to a listing compromised its ability to carry out its conservation mandate. The ban on Canadian cod fishing was partly lifted in 1997 by the Minister for DFO just ten days prior to a federal election, despite that independent Canadian scientists and the International Council for the Exploration of the Sea doubted there had been sufficient recovery. In general, depleted populations of cod and other gadids do not appear to recover easily when fishing pressure is reduced or stopped. In 2003, COSEWIC in an update designated