Financial Statecraft

The Role of Financial Markets in American Foreign Policy

Business & Finance, Economics, International Economics
Cover of the book Financial Statecraft by Dr. Benn Steil, Prof. Robert E. Litan, Yale University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Dr. Benn Steil, Prof. Robert E. Litan ISBN: 9780300128260
Publisher: Yale University Press Publication: October 1, 2008
Imprint: Yale University Press Language: English
Author: Dr. Benn Steil, Prof. Robert E. Litan
ISBN: 9780300128260
Publisher: Yale University Press
Publication: October 1, 2008
Imprint: Yale University Press
Language: English
As 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.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
As 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.

More books from Yale University Press

Cover of the book The Culture of the New Capitalism by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book The Future of the Internet--And How to Stop It by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book Metaphors for Environmental Sustainability: Redefining Our Relationship with Nature by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book A Theory of Militant Democracy by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book In the Company of Crows and Ravens by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book The Philosophers' Quarrel: Rousseau, Hume, and the Limits of Human Understanding by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book The Arts and the Creation of Mind by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book Enraged by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book Rav Kook by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book Difficult Death by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book Empire in Retreat by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book Voices of the Wild by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book Poilu by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book Too Much to Know: Managing Scholarly Information before the Modern Age by Dr. Benn Steil, Prof. Robert E. Litan
Cover of the book Attention Deficit Disorder: The Unfocused Mind in Children and Adults by Dr. Benn Steil, Prof. Robert E. Litan
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy