War by Other Means: Geoeconomics and Statecraft by Robert D. Blackwill and Jennifer M. Harris
War by Other Means: Geoeconomics and Statecraft by Robert D. Blackwill and Jennifer M. Harris
War by Other Means: Geoeconomics and Statecraft by Robert D. Blackwill and Jennifer M. Harris
International
Relations
War by Other Means:
Review
— Geoeconomics and Statecraft
CIRR _
—
XXVI (86) 2020,
183-186 By Robert D. Blackwill and
Jennifer M. Harris
2017. Harvard University Press. Pages: 384. ISBN 9780674979796
183
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International
employing most of the tools of economics to advance state
Relations power. The Trump Administration is not shy to use economic
Review coercive pressure neither. Even the new European Commission
—
President Ursula von der Leyen speaks of “geopolitical
CIRR
— Commission” and mentions trade agreements as examples to
XXVI (86) 2020, exert the EU’s influence (Radosavljevic 2020). Considering the
183-186 developments, the book provides an important contribution to
a rapidly growing policymakers as well as academics’ interest
in geoeconomic matters.1 First, it defines “geoeconomics” as “the
use of economic instruments to promote and defend national
interests and to produce beneficial geopolitical results.” (p.
9) The authors further introduce a broad understanding of
geoeconomics at the beginning as they identify seven of today’s
leading geoeconomics instruments: trade policy, investment
policy, economic and financial sanctions, cyber, financial and
monetary policy, and energy and commodities.
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underperforming compared to its present geoeconomical
Relations potential while the separation of economics from US foreign
Review policy and security policy reflects a shift from earlier American
—
experience (p. 176). To redress the situation, they propose twenty
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— steps covering various policy issues, for instance promoting US
XXVI (86) 2020, national interests through geoeconomic instruments, building
183-186 economic partnership with India as an emerging Pacific power,
addressing the climate change, preparing for the threat of state-
sponsored cyberattacks, refocusing development aid, adopting
new rules of engagement with the Congress and improving
university teaching about geoeconomics.
Still, there are a few points that are not absolutely convincing.
For instance, this reviewer does not share the authors’ optimism
concerning the “North America’s energy revolution” (p. 204).
As there is still no clear prospect of the US becoming a global
powerful energy actor, the OPEC countries still play a key role
in global energy markets. Furthermore, high expectations
regarding free trade agreements such as the Trans-Pacific
Partnership (TPP) and the Transatlantic Trade and Investment
Partnership (TTIP) have been fulfilled neither (p. 180-183). It is
right that it was Hillary Clinton, then a Secretary of State, who
once referred to TTIP as a possible “economic NATO” and TPP
represented a core element of Barrack Obama’s strategic “pivot
to Asia”. Moreover, free trade agreements could be perceived as
key tools of imposing transnational standards and directing
national trade policies. In this way, they are undoubtedly a part
of geopolitics and foreign policy instruments. Those claims
notwithstanding, trade and investment agreements currently
face various challenges in terms of rising protectionism and
populist backlash. It is thus even more difficult to conclude
them than before.
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Defence 2018: 1), full of compelling insights. As a well written
Relations study of economic statecraft it is especially pertinent to our
Review days.
—
CIRR
— Ondřej Svoboda2
XXVI (86) 2020,
183-186
References
Department of Defense, 2018. Summary of the National
Defense Strategy of The United States of America 2018:
Sharpening the American Military’s Competitive Edge.
Radosavljevic, Z., 2020. Von der Leyen fails to convince that her
Commission is ‘geopolitical’, Euractiv [online] 10 January.
Available at: https://www.euractiv.com/section/defence-
and-security/news/von-der-leyen-fails-to-convince-that-
her-commission-is-geopolitical/ [accessed 2 February
2020].
Farrell, H., Newman, A. L., 2019. Weaponized Interdependence:
How Global Economic Networks Shape State Coercion.
International Security, 44(1).
O’Dea, C. R., 2019. Asia Rising: Ships of State?, Naval War College
Review, 72(1).
O’Dea, C. R., 2019. How China Weaponized the Global Supply
Chain. National Review, LXXI(12).
Roberts, A., Moraes, H. C. and Ferguson, V., 2019. Toward a
Geoeconomic Order. Journal of International Economic Law,
22(4).
Svoboda, O., 2020. The End of European Naivety: Difficult
Times Ahead for SCEs/SOEs Investing in the European
Union?. Transnational Dispute Management, 17(2).
2 PhD Candidate, Faculty of Law of Charles University, Prague, Czech Republic. This review
was supported by the Charles University’s project Progres Q04, ondrej.svobod@gmail.com
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