Financial Statecraft

Financial Statecraft PDF Author: Benn Steil
Publisher: Yale University Press
ISBN: 0300128266
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
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

Financial Statecraft

Financial Statecraft PDF Author: Benn Steil
Publisher: Yale University Press
ISBN: 0300128266
Category : Business & Economics
Languages : en
Pages : 220

Get Book Here

Book Description
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 Foreign Policy

Economic Statecraft and Foreign Policy PDF Author: Jean-Marc F. Blanchard
Publisher: Routledge
ISBN: 113622582X
Category : Political Science
Languages : en
Pages : 282

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Book Description
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 and US Foreign Policy

Economic Statecraft and US Foreign Policy PDF Author: Leif Rosenberger
Publisher: Routledge
ISBN: 0429649177
Category : Business & Economics
Languages : en
Pages : 191

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Book Description
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.

Foreign Affairs Strategy

Foreign Affairs Strategy PDF Author: Terry L. Deibel
Publisher: Cambridge University Press
ISBN: 0521871913
Category : Political Science
Languages : en
Pages : 11

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Book Description
This book enables readers to think strategically about American foreign policy.

Economic Statecraft

Economic Statecraft PDF Author: David A. Baldwin
Publisher: Princeton University Press
ISBN: 0691204438
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 508

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Book Description
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.

American Statecraft

American Statecraft PDF Author: J. Robert Moskin
Publisher: Macmillan
ISBN: 125003745X
Category : History
Languages : en
Pages : 945

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Book Description
A "look at the unsung men and women of the U.S. Foreign Service whose dedication and sacrifices have been a crucial part of our history for over two centuries. Fifteen years in the making, veteran journalist and historian Moskin has traveled the globe conducting hundreds of interviews both in and out of the State Department to look behind the scenes at America's 'militiamen of diplomacy'"--

Military Statecraft and the Rise of Shaping in World Politics

Military Statecraft and the Rise of Shaping in World Politics PDF Author: Kyle J. Wolfley
Publisher: Rowman & Littlefield
ISBN: 1538150654
Category : Political Science
Languages : en
Pages : 269

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Book Description
Winner of the Andrew F. Krepinevich Writing Award A 2022 Choice Reviews Outstanding Academic Title Selected for the Irregular Warfare Initiative’s Inaugural Reading List (2022) In today’s complex international environment, how do the United States, China, and Russia manage the return of great power competition as well as the persistent threat of violent non-state actors? This book explores "shaping": the use of military power to construct a more favorable environment by influencing the characteristics of other militaries, altering the relationships between them, or managing the behavior of allies. As opposed to traditional strategies of warfighting or coercion, shaping relies less on threats, demonstrations, and uses of violence and more on attraction, persuasion, and legitimacy. Because shaping relies more on soft power than on hard power, this approach contradicts the conventional wisdom of the purpose militaries serve. Kyle J. Wolfley explores the emergence of shaping in classical strategy and its increased frequency following the end of the Cold War when threats and allies became more ambiguous. He illustrates the four logics of shaping—attraction, socialization, delegation, and assurance—through five case studies of recent major military exercise programs led by the United States, China, India, the United Kingdom, and Russia. Moreover, the author reveals through sentiment analysis and statistics of over one thousand multinational exercises from 1980 to 2016 how major powers reacted to a complex international environment by expanding the number and scope of shaping exercises. Illuminating an understudied but surprisingly common tool of military statecraft, this book offers a fresh understanding of military power in today's competitive international system.

Orchestration

Orchestration PDF Author: James Reilly
Publisher:
ISBN: 0197526349
Category : Business & Economics
Languages : en
Pages : 285

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Book Description
"Orchestration explores the origins, operations, and effectiveness of China's distinctive 'orchestration' approach to economic statecraft. It describes how China engages in economic statecraft, explains why China uses this approach, and identifies when Beijing's efforts are most effective. The first two chapters trace how China's unique historical experiences and complex political-economic structures led to Beijing's orchestration approach. Today, Chinese leaders deploy incentives and innovative policies to mobilize a vast array of companies, banks, and local officials to rapidly expand trade and investment with targeted countries around the world. China's economic statecraft thus requires only a light touch. Four chapters comparing China's economic statecraft across Europe, and in Myanmar and North Korea, reveal Beijing's orchestration in action. Policymakers combined delegation with incentives, encouraged participation by regional authorities and enterprises, and facilitated interest alignment among implementing actors to successfully mobilize domestic actors. When problems with enterprise malfeasance, policy stretching, and moral hazards emerged, central leaders adroitly reversed course. Despite successful implementation, Beijing's economic statecraft exacerbated populist anxieties, undermining China's foreign policy goals. The policy implications for countries targeted by China's economic statecraft are thus broadly reassuring. Orchestration concludes by laying a foundation for future studies in comparative economic statecraft"--Provided by publisher.

Foreign Policy

Foreign Policy PDF Author: Steve Smith
Publisher: Oxford University Press
ISBN: 0199215294
Category : Political Science
Languages : en
Pages : 470

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Book Description
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 PDF Author: Robert D. Blackwill
Publisher: Harvard University Press
ISBN: 0674545982
Category : Political Science
Languages : en
Pages : 377

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Book Description
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