Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 21 October 2021

Abstract and Keywords

Economic statecraft provides great powers with a set of valuable tools they can employ in pursuing grand strategies, but the importance of its contribution is often overlooked. This chapter provides a conceptual framework for understanding how policymakers can leverage the tools of economic statecraft to achieve major objectives in pursuit of their grand strategies, including: bargaining, balancing, generating power and prosperity, signaling and norms promotion, and influencing nonstate actors. It then maps how economic sanctions, foreign aid, strategic commercial policy, and institutionalized economic cooperation can best contribute to the realization of these objectives. The analysis reveals that the flexibility of economic sanctions and foreign aid in achieving numerous objectives helps explain why great powers rely so heavily upon them.

Keywords: economic statecraft, grand strategy, economic sanctions, foreign aid, cooperation

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.