Robert E. Litan

Vice President, Research and Policy, Ewing Marion Kauffman Foundation


Teaching Note

Financial Statecraft

Authors: Benn Steil and Robert E. Litan

As trade flows expanded and trade agreements proliferated after World War II, governments—most notably the United States—increasingly came 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.

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