Showing results for "Statecraft" in Social Sciences

Former U.S. Treasury Secretary Jacob J. Lew and former State Department Principal Deputy Coordinator for Sanctions Policy Richard Nephew argue that since the end of the Cold War, the United States’ use of unilateral economic policy, particularly sanctions, has threatened to alienate other countries and undermine U.S. power. Under President Donald Trump, that threat has become a reality. 

Despite boasting the most powerful economy on earth, the United States too often reaches for the gun instead of the purse in its foreign policy. The country has hardly outgrown its need for military force, but over the past several decades, it has increasingly forgotten a tradition that stretches back to the nation’s founding: the use of economic instruments to accomplish geopolitical objectives, a practice we term “geoeconomics.”