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

"This is a useful, accessible book for lay readers seeking an understanding of the important role that capital flows play in . . . foreign policy." —The Economist

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...