Financial Statecraft :The Role of Financial Markets in American Foreign Policy

3.06 ( 18 Ratings by Goodreads)
Financial Statecraft

Financial Statecraft :The Role of Financial Markets in American Foreign Policy

(Author) (Author)
3.06 (18 Ratings by Goodreads)
paperback
Published: 28 March, 2008
Standard worldwide delivery by Thu, July 2 - Tue, July 7
Order within 0
Condition: NEW
$45.23
Price includes shipping
Available 20 in stock
- +
Add to basket Wishlist This
FREE Returns within 30 days
More Details

Popular Books by Benn Steil

View All Books by Benn Steil
The Battle of Bretton Woods
The Battle of Bretton Woods
Benn Steil
$25.60
New
Add to basket
The Marshall Plan
The Marshall Plan
Benn Steil
$22.75 $23.49
New
Add to basket
The Battle of Bretton Woods
The Battle of Bretton Woods
Benn Steil
$48.67
New
Add to basket
The Marshall Plan
The Marshall Plan
Benn Steil
$36.77 $43.63
New
Add to basket
Money, Markets, and Sovereignty
Money, Markets, and Sovereignty
Benn Steil
$27.40 $37.60
Used
Add to basket
Technological Innovation and Economic Performance
Technological Innovation and Economic Performance
Benn Steil
$102.98 $118.18
New
Add to basket

Description

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.
See more

More Details

Type Book
ISBN13 9780300138412
ISBN10 0300138415
Number Of Pages 224
Item Weight 345 g
Publisher / Reseller Yale University Press
Format paperback
See More +

Media Reviews

"'A highly readable account of an important, if potentially dry, subject: how international capital flows have been and are still used as instruments of foreign policy... What makes Financial Statecraft particularly useful for non-economists and policymakers, as well as Wall Street executives and historians alike, is the authors' willingness to be prescriptive about finance in public policy... This is a useful, accessible book for lay readers seeking an understanding of the important role that capital flows play in the making of foreign policy.' Economist"

Show more

Author's Bio

Benn Steil is director of international economics at the Council on Foreign Relations and the editor of International Finance. Robert E. Litan is vice president of research and policy at the Kauffman Foundation and senior fellow in the Economic Studies Program at the Brookings Institution.

Show more