Today, nations increasingly carry out geopolitical combat through
economic means. Policies governing everything from trade and
investment to energy and exchange rates are wielded as tools to win
diplomatic allies, punish adversaries, and coerce those in between.
Not so in the United States, however. America still too often
reaches for the gun over the purse to advance its interests abroad.
The result is a playing field sharply tilting against the United
States.In a cogent analysis of why the United States is losing
ground as a world power and what it can do to reverse the trend,
"War by Other Means "describes the statecraft of geoeconomics: the
use of economic instruments to achieve geopolitical goals.
Geoeconomics has long been a lever of America s foreign policy. But
factors ranging from U.S. bureaucratic politics to theories
separating economics from foreign policy leave America ill prepared
for this new era of geoeconomic contest, while rising powers,
especially China, are adapting rapidly. The rules-based system
Americans set in place after World War II benefited the United
States for decades, but now, as the system frays and global
competitors take advantage, America is uniquely self-constrained.
Its geoeconomic policies are hampered by neglect and resistance,
leaving the United States overly reliant on traditional military
force.Drawing on immense scholarship and government experience,
Robert Blackwill and Jennifer Harris show that if America s
policies are left uncorrected, the price in American blood and
treasure will only grow. What geoeconomic warfare requires is a new
vision of U.S. statecraft."