Financial Statecraft

Financial Statecraft
Author: Benn Steil
Publisher: Yale University Press
Total Pages: 220
Release: 2008-10-01
Genre: Business & Economics
ISBN: 0300128266

divAs trade flows expanded and trade agreements proliferated after World War II, governments—most notably the United States—came increasingly to use their power over imports and exports to influence the behavior of other countries. But trade is not the only way in which nations interact economically. Over the past two decades, another form of economic exchange has risen to a level of vastly greater significance and political concern: the purchase and sale of financial assets across borders. Nearly $2 trillion worth of currency now moves cross-border every day, roughly 90 percent of which is accounted for by financial flows unrelated to trade in goods and services—a stunning inversion of the figures in 1970. The time is ripe to ask fundamental questions about what Benn Steil and Robert Litan have coined as “financial statecraft,” or those aspects of economic statecraft directed at influencing international capital flows. How precisely has the American government practiced financial statecraft? How effective have these efforts been? And how can they be made more effective? The authors provide penetrating and incisive answers in this timely and stimulating book. /DIV

Economic Statecraft and US Foreign Policy

Economic Statecraft and US Foreign Policy
Author: Leif Rosenberger
Publisher: Routledge
Total Pages: 191
Release: 2019-11-12
Genre: Business & Economics
ISBN: 0429649177

Explaining the connection between economics and violent extremism, this book argues that American foreign policy must be rebalanced with a greater emphasis on social inclusion and shared prosperity in order to mitigate the root causes of conflict. Rosenberger argues that economic coercion has usually proven counterproductive, and that a militarized American foreign policy too often results in frustration and strategic failure. He analyses this theory through a number of case studies, from the Treaty of Versailles to the more recent issues of Israel in Gaza, US sanctions against Iran, the US backed, Saudi-led boycott of Qatar and Donald Trump’s trade war against China. He concludes that the economic logic of social inclusion and shared prosperity demonstrated in Jean Monnet’s European Coal and Steel Community would be a more successful strategy in reducing the demand for violence in the civil wars in Afghanistan, Iraq, Yemen and Syria. This book will be of particular relevance for courses on American Foreign Policy, International Relations and International Political Economy and seminars on the Near East and South Asia. Professional economists, diplomats and military officers in America and in the Near East and South Asia will also find the argument useful.

Economic Statecraft and Foreign Policy

Economic Statecraft and Foreign Policy
Author: Jean-Marc F. Blanchard
Publisher: Routledge
Total Pages: 282
Release: 2013-07-18
Genre: Political Science
ISBN: 113622582X

This book develops a unified theory of economic statecraft to clarify when and how sanctions and incentives can be used effectively to secure meaningful policy concessions. High-profile applications of economic statecraft have yielded varying degrees of success. The mixed record of economic incentives and economic sanctions in many cases raises important questions. Under what conditions can states modify the behaviour of other states by offering them tangible economic rewards or by threatening to disrupt existing economic relations? To what extent does the success of economic statecraft depend on the magnitude of economic penalties and rewards? In order to answer these questions, this book develops two analytic models: one weighs the threats economic statecraft poses to the Target’s Strategic Interests (TSI); while the other (stateness) assesses the degree to which the target state is insulated from domestic political pressures that senders attempt to generate or exploit. Through a series of carefully crafted case studies, including African apartheid and Japanese incentives to obtain the return of the Northern Territories, the authors demonstrate how their model can yield important policy insights in regards to contemporary economic sanctions and incentives cases, such as Iran and North Korea. This book will be of much interest to students of statecraft, sanctions, diplomacy, foreign policy, and international security in general.

Economic Statecraft

Economic Statecraft
Author: David A. Baldwin
Publisher: Princeton University Press
Total Pages: 508
Release: 2020-09-22
Genre: BUSINESS & ECONOMICS
ISBN: 0691204438

Introduction -- Techniques of statecraft -- What is economic statecraft? -- Thinking about economic statecraft -- Economic statecraft in international thought -- Bargaining with economic statecraft -- National power and economic statecraft -- "Classic cases" reconsidered -- Foreign trade -- Foreign aid -- The legality and morality of economic statecraft -- Conclusion -- Afterword : economic statecraft : continuity and change / Ethan B. Kapstein.

Foreign Policy

Foreign Policy
Author: Steve Smith
Publisher: Oxford University Press
Total Pages: 470
Release: 2008
Genre: Political Science
ISBN: 0199215294

This major new textbook introduces students to the dynamic and evolving field of foreign policy. The book opens with a consideration of different theoretical and historical perspectives; it then focuses on a range of actors and the goals they seek to advance; and it ends with a series of case studies involving issues and crises relating to a wide range of different countries Foreign Policy: Theories, Actors, Cases is timely given the growing significance of foreign policyin the post-9/11 world. It will be essential reading for all students new to foreign policy.The book is accompanied by an Online Resource Centre.Student resources:TimelineWeb linksFlashcard glossaryInstructor resources:Three case studiesPowerPoint slides

War by Other Means

War by Other Means
Author: Robert D. Blackwill
Publisher: Harvard University Press
Total Pages: 377
Release: 2016-04-12
Genre: Political Science
ISBN: 0674545982

A Foreign Affairs Best Book of 2016 Today, nations increasingly carry out geopolitical combat through economic means. Policies governing everything from trade and investment to energy and exchange rates are wielded as tools to win diplomatic allies, punish adversaries, and coerce those in between. Not so in the United States, however. America still too often reaches for the gun over the purse to advance its interests abroad. The result is a playing field sharply tilting against the United States. “Geoeconomics, the use of economic instruments to advance foreign policy goals, has long been a staple of great-power politics. In this impressive policy manifesto, Blackwill and Harris argue that in recent decades, the United States has tended to neglect this form of statecraft, while China, Russia, and other illiberal states have increasingly employed it to Washington’s disadvantage.” —G. John Ikenberry, Foreign Affairs “A readable and lucid primer...The book defines the extensive topic and opens readers’ eyes to its prevalence throughout history...[Presidential] candidates who care more about protecting American interests would be wise to heed the advice of War by Other Means and take our geoeconomic toolkit more seriously. —Jordan Schneider, Weekly Standard

US Hegemony and the Americas

US Hegemony and the Americas
Author: Arturo Santa-Cruz
Publisher: Routledge
Total Pages: 184
Release: 2019-12-06
Genre: Political Science
ISBN: 135121120X

In this book, Arturo Santa-Cruz advances an understanding of power as a social relationship and applies it consistently to the economic realm in United States relations with other countries of the Western Hemisphere. Following the academic and popular debate on the ebb and flow of US hegemony, this work centers the analysis in a critical case for the exercise of US power through its economic statecraft: the Americas—its historical zone of influence. The rationale for the regional focus is methodological: if it can be shown that Washington's sway has decreased in the area since the early 1970s, when the discussion about this matter started, it can be safely assumed that the same has occurred in other latitudes. The analysis focuses on three regions: North America, Central America and South America. Since each region contains countries that have at times maintained very different relationships with the United States, the findings contribute to a better understanding of the practice of US power in the sub-region in question, adding greater variability to the overall results. US Hegemony and the Americas: Power and Economic Statecraft in International Relations is an invaluable resource for students and scholars interested in Latin American History and Politics, North American Regional Integration, International Relations, Economic Statecraft, Political Economy and Comparative Politics.

Chinese Economic Statecraft

Chinese Economic Statecraft
Author: William J. Norris
Publisher: Cornell University Press
Total Pages: 316
Release: 2016-03-01
Genre: Political Science
ISBN: 1501704028

In Chinese Economic Statecraft, William J. Norris introduces an innovative theory that pinpoints how states employ economic tools of national power to pursue their strategic objectives. Norris shows what Chinese economic statecraft is, how it works, and why it is more or less effective. Norris provides an accessible tool kit to help us better understand important economic developments in the People's Republic of China. He links domestic Chinese political economy with the international ramifications of China’s economic power as a tool for realizing China’s strategic foreign policy interests. He presents a novel approach to studying economic statecraft that calls attention to the central challenge of how the state is (or is not) able to control and direct the behavior of economic actors.Norris identifies key causes of Chinese state control through tightly structured, substate and crossnational comparisons of business-government relations. These cases range across three important arenas of China’s grand strategy that prominently feature a strategic role for economics: China’s efforts to secure access to vital raw materials located abroad, Mainland relations toward Taiwan, and China’s sovereign wealth funds. Norris spent more than two years conducting field research in China and Taiwan during which he interviewed current and former government officials, academics, bankers, journalists, advisors, lawyers, and businesspeople. The ideas in this book are applicable beyond China and help us to understand how states exercise international economic power in the twenty-first century.

US Economic Statecraft for Survival, 1933-1991

US Economic Statecraft for Survival, 1933-1991
Author: Alan P. Dobson
Publisher: Routledge
Total Pages: 818
Release: 2002-04-25
Genre: Business & Economics
ISBN: 1134460775

How have US economic defence policies promoted its security since 1933?US Policies of Economic Warfare, 1933-1991 concentrates on an important and neglected facet of America's fight for survival in the latter half of the twentieth century. It explains how US policy-makers crafted and used instruments of economic statecraft against states that posed