Currency Statecraft

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Currency Statecraft

Benjamin J. Cohen
Currency Statecraft Book PDF

Author : Benjamin J. Cohen
Publisher : University of Chicago Press
Page : 215 pages
File Size : 55,7 Mb
Release : 2018-11-15
Category : Business & Economics
ISBN : 9780226587721

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Currency Statecraft by Benjamin J. Cohen Pdf

At any given time, a limited number of national currencies are used as instruments of international commerce, to settle foreign trade transactions or store value for investors and central banks. How countries whose currencies gain international appeal choose to use this status forms their strategy of currency statecraft. In different circumstances, issuing governments may welcome and promote the internationalization of their currency, tolerate it, or actively oppose it. Benjamin J. Cohen offers a provocative explanation of the strategic policy choices at play. In a comprehensive review that ranges from World War II to the present, Cohen convincingly argues that one goal stands out as the primary motivation for currency statecraft: the extent of a country’s geopolitical ambition, or how driven it is to build or sustain a prominent place in the international community. When a currency becomes internationalized, it generally increases the power of the nation that produces it. In the persistent contestation that characterizes global politics, that extra edge can matter greatly, making monetary rivalry an integral component of geopolitics. Today, the major example of monetary rivalry is the emerging confrontation between the US dollar and the Chinese renminbi. Cohen describes how China has vigorously promoted the international standing of its currency in recent years, even at the risk of exacerbating relations with the United States, and explains how the outcome could play a major role in shaping the broader geopolitical engagement between the two superpowers.

Currency Statecraft

Benjamin J. Cohen
Currency Statecraft Book PDF

Author : Benjamin J. Cohen
Publisher : University of Chicago Press
Page : 208 pages
File Size : 40,8 Mb
Release : 2018-11-15
Category : Business & Economics
ISBN : 9780226587868

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Currency Statecraft by Benjamin J. Cohen Pdf

At any given time, a limited number of national currencies are used as instruments of international commerce, to settle foreign trade transactions or store value for investors and central banks. How countries whose currencies gain international appeal choose to use this status forms their strategy of currency statecraft. In different circumstances, issuing governments may welcome and promote the internationalization of their currency, tolerate it, or actively oppose it. Benjamin J. Cohen offers a provocative explanation of the strategic policy choices at play. In a comprehensive review that ranges from World War II to the present, Cohen convincingly argues that one goal stands out as the primary motivation for currency statecraft: the extent of a country’s geopolitical ambition, or how driven it is to build or sustain a prominent place in the international community. When a currency becomes internationalized, it generally increases the power of the nation that produces it. In the persistent contestation that characterizes global politics, that extra edge can matter greatly, making monetary rivalry an integral component of geopolitics. Today, the major example of monetary rivalry is the emerging confrontation between the US dollar and the Chinese renminbi. Cohen describes how China has vigorously promoted the international standing of its currency in recent years, even at the risk of exacerbating relations with the United States, and explains how the outcome could play a major role in shaping the broader geopolitical engagement between the two superpowers.

Financial Statecraft

Benn Steil,Robert E. Litan
Financial Statecraft Book PDF

Author : Benn Steil,Robert E. Litan
Publisher : Yale University Press
Page : 220 pages
File Size : 45,6 Mb
Release : 2008-10-01
Category : Business & Economics
ISBN : 9780300128260

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Financial Statecraft by Benn Steil,Robert E. Litan Pdf

divAs 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 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. Nearly $2 trillion worth of currency now moves cross-border every day, roughly 90 percent of which is accounted for by financial flows unrelated to trade in goods and services—a stunning inversion of the figures in 1970. The time is ripe to ask fundamental questions about what Benn Steil and Robert Litan have coined as “financial statecraft,” or those aspects of economic statecraft directed at influencing international capital flows. How precisely has the American government practiced financial statecraft? How effective have these efforts been? And how can they be made more effective? The authors provide penetrating and incisive answers in this timely and stimulating book. /DIV

The International Political Economy of the Renminbi

Hyoung-kyu Chey
The International Political Economy of the Renminbi Book PDF

Author : Hyoung-kyu Chey
Publisher : Routledge
Page : 186 pages
File Size : 48,5 Mb
Release : 2021-11-10
Category : Business & Economics
ISBN : 9781000473438

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The International Political Economy of the Renminbi by Hyoung-kyu Chey Pdf

Although the internationalization of the Chinese renminbi is an important international political event, most of the studies of it place their analytical focuses largely just on China itself, the issuer of the currency. In contrast, this book addresses the question of how foreign states have responded to the renminbi’s internationalization, during its initial phase through the 2010s, and thereby breaks new ground in exploring the international politics of currency internationalization. It builds a theoretical framework for analyzing a state’s policy toward renminbi internationalization, developing the key concept of reactive currency statecraft. It then applies this framework to the four select cases of the United Kingdom, Japan, South Korea and the United States. This book reveals that all four of these countries have deliberately utilized their policies related to renminbi internationalization as means of achieving their own foreign policy goals associated with China, goals that have been principally economic in some cases but political in others. Remarkably, the predominant mode of response to the renminbi’s internationalization has been accommodative. Even the United States and Japan—China’s chief geopolitical and also international currency rivals—have never attempted to actively suppress it. This study provides new insights to anyone concerned with the transformation of the world monetary order, while also contributing a valuable analysis of the international politics surrounding the rise of China.

Statecraft

Margaret Thatcher
Statecraft Book PDF

Author : Margaret Thatcher
Publisher : HarperCollins UK
Page : 512 pages
File Size : 53,8 Mb
Release : 2017-06-29
Category : Political Science
ISBN : 9780008264048

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Statecraft by Margaret Thatcher Pdf

Lady Thatcher, a unique figure in global politics, shares her views about the dangers and opportunities of the new millennium.

Monetary Statecraft in Brazil

Kurt Mettenheim
Monetary Statecraft in Brazil Book PDF

Author : Kurt Mettenheim
Publisher : Routledge
Page : 206 pages
File Size : 49,8 Mb
Release : 2015-11-19
Category : Business & Economics
ISBN : 9781317339410

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Monetary Statecraft in Brazil by Kurt Mettenheim Pdf

Brazil has one of the world’s fastest growing economies and a fascinating history underpinning its evolution. This book presents an analysis of the state’s role in monetary policy, from the latter days of Portuguese rule, to the present day. Based on a variety of unknown archival sources, this study offers an alternative explanation for the rise and fall of Brazilian currencies. Monetary statecraft is a theory that accounts for the open ended, autonomous character of politics, the complex, recursive phases of public policy, and political development in the traditional sense of social inclusion. Unfortunately, there are few precedents for this type of analysis. This book fills this gap by tracing how Brazilian policy makers and observers have sought, experimented with, and reflected on a variety of forms and solutions for monetary policy since 1808. This book will be of interest to economists, financial historians and those interested in the history and economy of Brazil.

Currency Power

Benjamin J. Cohen
Currency Power Book PDF

Author : Benjamin J. Cohen
Publisher : Princeton University Press
Page : 302 pages
File Size : 47,9 Mb
Release : 2018-04-24
Category : Business & Economics
ISBN : 9780691181066

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Currency Power by Benjamin J. Cohen Pdf

Why the dollar will remain the world's most powerful currency Monetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power. But what exactly is the relationship between currency and power, and what does it portend for the geopolitical standing of the United States, Europe, and China? Popular opinion holds that the days of the dollar, long the world’s dominant currency, are numbered. By contrast, Currency Power argues that the current monetary rivalry still greatly favors America’s greenback. Benjamin Cohen shows why neither the euro nor the yuan will supplant the dollar at the top of the global currency hierarchy. Cohen presents an innovative analysis of currency power and emphasizes the importance of separating out the various roles that international money might have. After systematically exploring the links between currency internationalization and state power, Cohen turns to the state of play among today’s top currencies. The greenback, he contends, is the "indispensable currency"—the one that the world can’t do without. Only the dollar is backed by all the economic and political resources that make a currency powerful. Meanwhile, the euro is severely handicapped by structural defects in the design of its governance mechanisms, and the yuan suffers from various practical limitations in both finance and politics. Contrary to today’s growing opinion, Currency Power demonstrates that the dollar will continue to be the leading global currency for some time to come.

International Monetary Power

David M. Andrews
International Monetary Power Book PDF

Author : David M. Andrews
Publisher : Cornell University Press
Page : 236 pages
File Size : 47,6 Mb
Release : 2006
Category : International economic relations
ISBN : 080144456X

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International Monetary Power by David M. Andrews Pdf

This book provides a thorough overview of how money is used as a tool to achieve international political aims.

Russia’s Cultural Statecraft

Tuomas Forsberg,Sirke Mäkinen
Russia s Cultural Statecraft Book PDF

Author : Tuomas Forsberg,Sirke Mäkinen
Publisher : Routledge
Page : 262 pages
File Size : 53,7 Mb
Release : 2021-11-04
Category : Political Science
ISBN : 9781000469240

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Russia’s Cultural Statecraft by Tuomas Forsberg,Sirke Mäkinen Pdf

This book focusses on Russia’s cultural statecraft in dealing with a number of institutional cultural domains such as education, museums and monuments, high arts and sport. It analyses to what extent Russia’s cultural activities abroad have been used for foreign policy purposes, and perceived as having a political dimension. Building on the concept of cultural statecraft, the authors present a broad and nuanced view of how Russia sees the role of culture in its external relations, how this shapes the image of Russia, and the ways in which this cultural statecraft is received by foreign audiences. The expert team of contributors consider: what choices are made in fostering this agenda; how Russian state authorities see the purpose and limits of various cultural instruments; to what extent can the authorities shape these instruments; what domains have received more attention and become more politicised and what fields have remained more autonomous. The methodological research design of the book as a whole is a comparative case study comparing the nature of Russian cultural statecraft across time, target countries and diverse cultural domains. It will be of interest to scholars and students of Russian foreign policy and external relations and those working on the role of culture in world politics.

Economic Statecraft and Foreign Policy

Jean-Marc F. Blanchard,Norrin M. Ripsman
Economic Statecraft and Foreign Policy Book PDF

Author : Jean-Marc F. Blanchard,Norrin M. Ripsman
Publisher : Routledge
Page : 282 pages
File Size : 55,8 Mb
Release : 2013-07-18
Category : Political Science
ISBN : 9781136225826

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Economic Statecraft and Foreign Policy by Jean-Marc F. Blanchard,Norrin M. Ripsman Pdf

This book develops a unified theory of economic statecraft to clarify when and how sanctions and incentives can be used effectively to secure meaningful policy concessions. High-profile applications of economic statecraft have yielded varying degrees of success. The mixed record of economic incentives and economic sanctions in many cases raises important questions. Under what conditions can states modify the behaviour of other states by offering them tangible economic rewards or by threatening to disrupt existing economic relations? To what extent does the success of economic statecraft depend on the magnitude of economic penalties and rewards? In order to answer these questions, this book develops two analytic models: one weighs the threats economic statecraft poses to the Target’s Strategic Interests (TSI); while the other (stateness) assesses the degree to which the target state is insulated from domestic political pressures that senders attempt to generate or exploit. Through a series of carefully crafted case studies, including African apartheid and Japanese incentives to obtain the return of the Northern Territories, the authors demonstrate how their model can yield important policy insights in regards to contemporary economic sanctions and incentives cases, such as Iran and North Korea. This book will be of much interest to students of statecraft, sanctions, diplomacy, foreign policy, and international security in general.

Human Security as Statecraft

Nik Hynek
Human Security as Statecraft Book PDF

Author : Nik Hynek
Publisher : Routledge
Page : 284 pages
File Size : 54,6 Mb
Release : 2012-02-20
Category : Political Science
ISBN : 9781136460722

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Human Security as Statecraft by Nik Hynek Pdf

This book critically investigates the discourses and practices of human security and aims to delve below the stereotypical imageries representing them. Drawing on Foucault and Deleuze, the author approaches human security from a new perspective, with the aim of ascertaining what has been behind and underneath a certain spatio-temporal articulation of human security, and with what political implications and consequences. Each human security assemblage is composed of messy discourses and practices which are loosely related and sometimes even disconnected. This book examines the Canadian and Japanese articulations of human security and establishes the kinds of structural terrains have enabled, shaped, or blocked the unfolding of these versions of human security. The pivotal contention of the book is that Canadian and Japanese articulations of human security have been different because they have grown from completely different domestic economies of power governing the relationship between the state apparatus and the non-profit and voluntary sector. While the Canadian human security assemblage has been shaped by transformations in the country’s advanced liberal model of government, the Japanese has been shaped by the continuities of Japan’s bureaucratic authoritarianism. A novel approach is employed for the related process-tracing: a general series linking structural conditions with actual articulations of the human security projects, and their further development, including analysis of their unintended consequences. This book will be of much interest to students of Critical Security Studies, human security, global governance, foreign policy and IR/Security studies.

Global Political Economy

Theodore H. Cohn,Anil Hira
Global Political Economy Book PDF

Author : Theodore H. Cohn,Anil Hira
Publisher : Routledge
Page : 470 pages
File Size : 51,8 Mb
Release : 2020-09-07
Category : Business & Economics
ISBN : 9781000170702

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Global Political Economy by Theodore H. Cohn,Anil Hira Pdf

Praised for its authoritative coverage, Global Political Economy places the study of IPE in broad theoretical context and has been updated to cover the rise of populism, Brexit, the USMCA, US–China trade wars, tariffs, refugees and global migration, the Keynesian–monetarist debate, Fordism, automation, the "gig" economy, global value chains, climate change, cryptocurrencies, and the residual effects of global economic crises and regional relationships and impacts. Written by leading IPE scholar Theodore Cohn, now joined by his prolific colleague Andy Hira, this book equally emphasizes theory and practice to provide a framework for analyzing current events and long-term developments in the global economy. This text is suitable for both introductory and advanced IPE courses. New to the Eighth Edition Expands upon the growing US–China competition in many areas of the global political economy. Discusses the problems Brexit is posing for Britain and the European Union (EU). Explores the growth of populism. Focuses more on environmental degradation/climate change along with the increase in global migration. Incorporates a new theme of South–South global economic relations. Highlights the relationship among economics, geopolitics, and security issues. Emphasizes the importance of global value chains. Looks at the potential for future global financial crises. Updates and expands the number of tables, figures, and graphics throughout. Provides an updated Test Bank and new PowerPoint slides in an Instructor’s e-Resource.

War by Other Means

Robert D. Blackwill,Jennifer M. Harris
War by Other Means Book PDF

Author : Robert D. Blackwill,Jennifer M. Harris
Publisher : Harvard University Press
Page : 376 pages
File Size : 49,9 Mb
Release : 2016-04-11
Category : Political Science
ISBN : 9780674545984

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War by Other Means by Robert D. Blackwill,Jennifer M. Harris Pdf

Nations carry out geopolitical combat through economic means. Yet America often reaches for the gun over the purse to advance its interests abroad. Robert Blackwill and Jennifer Harris show that if U.S. policies are left uncorrected, the price in blood and treasure will only grow. Geoeconomic warfare requires a new vision of U.S. statecraft.

Sustainable History and Human Dignity

Nayef R.F. Al-Rodhan
Sustainable History and Human Dignity Book PDF

Author : Nayef R.F. Al-Rodhan
Publisher : Lutterworth Press
Page : 342 pages
File Size : 45,9 Mb
Release : 2022-01-27
Category : Philosophy
ISBN : 9780718848323

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Sustainable History and Human Dignity by Nayef R.F. Al-Rodhan Pdf

Sustainable History and the Dignity of Man is a new philosophy of history. This volume outlines how sustainable history is propelled by good governance, which balances the tension between the attributes of human nature - emotionality, amorality and egoisms - and human dignity needs, such as reason, security, human rights, accountability, transparency, justice, opportunity, innovation and inclusiveness. The author proposes minimum criteria for good governance that are sensitive to local cultures and histories but meet certain common global values to ensure maximum and sustainable moral and political cooperation. Using an ocean model of a single collective human civilisation, the author argues that we should think in terms of a common human story that is comprised of multiple geo-cultural domains and sub-cultures with a history of mutual borrowing and synergies. The author argues that, today, all geo-cultural domains must succeed if humanity as a whole is to triumph. This collective triumph will also depend on reason and a recognition that a great deal of knowledge is indeterminate and may be temporally, spatially and perhaps culturally constrained, as is outlined in the author's new theory of knowledge: "Neuro-rational Physicalism". Dr. Nayef R.F. Al-Rodhan is Senior Scholar in Geostrategy and Director of the Programme on the Geopolitical Implications of Globalisation and Transnational Security at the Geneva Centre for Security Policy, Geneva, Switzerland. "This book is an exceptionally wide-ranging examination of past and present approaches to the securing of a qualitatively adequate social life on the planet. The need for intercultural dialogue is pressing and stated as a matter of urgency in the text. That argument is well-presented and it is helpfully accompanied by a large amount of empirical evidence. The book is also a strong and ethically attractive humanist statement about the value of human interaction that incorporates a vision of mutual respect based on a mixture of scientific arguments and normative aspirations. Those features are very impressive." Professor Michael Freeden, Professor of Politics, Director of the Centre for Political Ideologies, Professorial Fellow, Mansfield College, University of Oxford, United Kingdom.

Geo-economics and Power Politics in the 21st Century

Mikael Wigell,Sören Scholvin,Mika Aaltola
Geo economics and Power Politics in the 21st Century Book PDF

Author : Mikael Wigell,Sören Scholvin,Mika Aaltola
Publisher : Routledge
Page : 250 pages
File Size : 53,6 Mb
Release : 2018-07-06
Category : Political Science
ISBN : 9781351172264

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Geo-economics and Power Politics in the 21st Century by Mikael Wigell,Sören Scholvin,Mika Aaltola Pdf

Starting from the key concept of geo-economics, this book investigates the new power politics and argues that the changing structural features of the contemporary international system are recasting the strategic imperatives of foreign policy practice. States increasingly practice power politics by economic means. Whether it is about Iran’s nuclear programme or Russia’s annexation of Crimea, Western states prefer economic sanctions to military force. Most rising powers have also become cunning agents of economic statecraft. China, for instance, is using finance, investment and trade as means to gain strategic influence and embed its global rise. Yet the way states use economic power to pursue strategic aims remains an understudied topic in International Political Economy and International Relations. The contributions to this volume assess geo-economics as a form of power politics. They show how power and security are no longer simply coupled to the physical control of territory by military means, but also to commanding and manipulating the economic binds that are decisive in today’s globalised and highly interconnected world. Indeed, as the volume shows, the ability to wield economic power forms an essential means in the foreign policies of major powers. In so doing, the book challenges simplistic accounts of a return to traditional, military-driven geopolitics, while not succumbing to any unfounded idealism based on the supposedly stabilising effects of interdependence on international relations. As such, it advances our understanding of geo-economics as a strategic practice and as an innovative and timely analytical approach. This book will be of much interest to students of security studies, international political economy, foreign policy and International Relations in general.