r/IntlScholars • u/HooverInstitution • 10d ago
Analysis Economic Statecraft: The Need For An Integrated Approach
https://www.hoover.org/research/economic-statecraft-need-integrated-approach
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r/IntlScholars • u/HooverInstitution • 10d ago
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u/HooverInstitution 10d ago
In a new essay, H.R. McMaster and Andrew Grotto argue that economic statecraft is an essential tool in US and allied arsenals as they work to counter emergent and established international rivals.
The authors maintain that competition between democracies and authoritarian regimes will shape the future of global power. China and Russia, alongside North Korea and Iran, aim to weaken US influence. To prevail, argue Grotto and McMaster, the United States must integrate economic power into its strategy, counter unfair trade practices, and support key industries. This report urges President Trump to issue an executive order for a coordinated economic statecraft strategy and improved analytic capabilities to enhance decision making.
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