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Chinese Economic StatecraftCommercial Actors, Grand Strategy, and State Control$
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William J. Norris

Print publication date: 2016

Print ISBN-13: 9780801454493

Published to Cornell Scholarship Online: August 2016

DOI: 10.7591/cornell/9780801454493.001.0001

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What Is Economic Statecraft?

What Is Economic Statecraft?

Chapter:
(p.11) 1 What Is Economic Statecraft?
Source:
Chinese Economic Statecraft
Author(s):

William J. Norris

Publisher:
Cornell University Press
DOI:10.7591/cornell/9780801454493.003.0002

This chapter provides an overview of economic statecraft and how it differs from “normal” commerce. It first challenges a common misconception in the field of international relations—that states conduct economic relations with each other—before discussing the relationship between economics and national security in the context of externalities. It then considers the specific microfoundations of economic statecraft as it is actually practiced in grand strategy, with particular emphasis on the element of state control—whether the state can control or direct the behavior of the commercial actors that are conducting the international economic activity. It also describes a framework for thinking about the relationship between the economic activities of commercial actors and the security of a nation-state.

Keywords:   economic statecraft, international relations, economic relations, economics, national security, externalities, grand strategy, state control, commercial actors, economic activities

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