201. Containing Crisis: Strategic Concepts for Coercive Economic Statecraft
- Author:
- Emily Kilcrease, Emily Jin, and Rachel Ziemba
- Publication Date:
- 12-2021
- Content Type:
- Special Report
- Institution:
- Center for a New American Security (CNAS)
- Abstract:
- As the United States and China seek to manage an increasingly tense relationship, both sides have turned to coercive economic statecraft as a core part of their broader foreign policy, with disruptive impacts on the global economic order. A growing body of research examines the use of coercive economic tools, including prior work by the CNAS Energy, Economics, and Security program. This report adds to that literature by specifically examining the use of coercive economic tools during periods of geopolitical crisis to assess their value in de-escalating tensions or deterring further economic coercion. The researchers developed scenario exercises to examine these dynamics, supported by a literature review and extensive engagement with subject matter experts. The insights from the research informed the development of two overarching strategic concepts intended to guide U.S. policymakers when deploying economic tools as part of a crisis management situation.
- Topic:
- Security, Foreign Policy, Economics, Bilateral Relations, and Crisis Management
- Political Geography:
- China, Asia, North America, and United States of America