Economics and Statecraft

PSCI

267

Economics and Statecraft

Economic statecraft is the use of economic tools to achieve foreign policy objectives, including national security objectives. For a long time, the primary focus in foreign policy analysis was on the use—or the threat of the use—of force and the tools for economic statecraft were more or less seen as symbolic gestures of little consequence. However, in the last three decades, there has been a remarkable surge in the utilization of the tools for economic statecraft. This course introduces students to the different tools available in the economic statecraft toolkit, including trade, foreign direct investment, foreign aid, natural resources, technology, and sanctions. We will examine when and how governments select from their economic statecraft toolkit, and investigate the conditions under which these tools are effective.

Fall, Spring

Undergraduate

Yes