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for strategic state crafting in the United States and the world? Furthermore, How has the evolution of global finance affected both the strategic goals of nation-states (USA); and the means to which other nation-states and non-state actors can bothachieve political objectives and the ability to obtain power and legitimacy through coercive and/or simply strategic market based financial activitiesfocused on ? Other Questions that need to be addressed: What is Statecrafting? What is Financial Warfare? Is there a difference between financial warfare and economic warfare? Topic Significance: Scholars have researched the role of finance in security related issues heavily periodically throughout history. Political Scientists and Economists research securityand use of finance in statecraft because it is a critical component for a government to utilize successfully.Financial security refers to the flow of global
capital and the markets for capital and commodities, which accommodates those flows. Through the strategic use of these financial flows national currencies can be destroyed, inflation can be transmitted, reserves can be depleted, and financial institutions can be destabilized. Furthermore, enemy governments, terrorist organizations and other shadow government networks can utilize finance in a number of ways that threatens the security of the international community.
For example, nations outside of the Democratic West have begun to adapt to the international monetary system; Authoritarian Capitalist nations have now begun to utilize capital mobility and market liberalization through the creation of Sovereign Wealth Funds (SWFs) earning them a much higher rate of return than simply issuing risk free rate government bonds. Also, by using SWFs, authoritarian nations in SE Asia and the Middle East have accumulated massive amounts of capital giving them some of the largest shares of market power in the institutional investing sector. The ability to use this accumulating power can give nations in new parts of the world a strategic advantage over democratic nations in the west. If these nations and NSA inside these countries grow financially stronger they could disrupt the International Monetary System that The United States governs and functions as the world s financial leader for nearly forty years. Strategically The United States is ata point in time where financial security is of extreme importance to the national government. Beginning after World War II
Financial markets have become increasingly liberalized over the past 30 years. which could ultimately threaten international security. Nations have realized the potentially devastating risk their governments are exposed to in the open market and strategic actions have been taken. Financial crises are naturally occurring flaws that are created by capitalist market failures. and what can be done to protect the interests of nation-states. By starting and focusing on the evolution of the monetary system I will be able to put in context the current system. As a result of market liberalization the volume and size of global financial activities has also skyrocketed.and taking off during the collapse of the Breton Woods System the Unite States has been positioned as the world s financial leader giving them a strong strategic advantage over other nations. Due to the massive threatening and disruptive capacity of weaponized finance it is prudent to understand how exactly finance can be utilized for national political goals. Research Methodology: I will research this topic by reading the vast amount of published scholarly journal articles. however strategic manipulation of free markets could also be used to cause markets to fail. terrorist organizations. Tentative Outline: A) Introduction a) What is financial statecraft? And. and released research done by third party think tank and consultancy firms. why is it beginning to play an increasingly large role in the geopolitical security spectrum? b) Types of Financial Warfare and Strategic financial agendas B) The Evolution of the current Internationals Monetary System a) World War Two and Breton Woods b) The collapse of Breton Woods i) The unholy Trinity c) The liberalization of financial activities i) Capital Mobility and Market openness ii) The power of capital mobility to absorb power and threaten state sovereignty . Then I will research how financial strategy is implemented and thought of by the scholarly world today and in the past. multinational corporations) have the ability to threaten and/or inflict harmful damage to other actors. Financial activities taken on by any type of actor (Nation-state. declassified military and government documents.
Drezner. SE Asian Nations 1) Chinese switch to capitalism 2) SE Asian financial network iii) Market failures 1) Currency crises (SE Asian Financial Crisis) 2) The Financial Crisis of 2007 D) Threats to international security a)Sovereign Wealth Funds i) The rise of authoritarian led governments b) China s Unrestricted Warfare c) Terrorist Organizations and other Non-State Actors d) Informational and Copyright theft E) Strategic Defensive Financial Strategies (Need to focus future research on this topic) a) United States financial strategy i) Protection of the current International Monetary b) Other financial strategies c) Hybrid Warfare i) Expeditionary Economics F) Conclusion a) Recap b) What the future of the international financial system may be c) Concluding points Preliminary Bibliography: y Daniel W.b) Description of current economic system i) The Spread of Capitalism to the East ii) China. Will Currency Follow the Flag? International Secuirty (Fall 2009). International Relations .
2 (2009): 163 68. DOI: 10.com Pingfan Hong. China &World Economy 14. Paul Bracken.y y y y y y James G. 2 (2006): 45 55.. China s Economic Prospects and Sino US Economic Relations. Economic Security and National Security. 2011 y y y y y y y y y y y .W.doi. Governing finance: East Asia's adoption of international standards By Andrew Walter Politico. http://www.com/science/article/B6W5V-4PHSFS36/2/fc02afb8004fcc7dfc8902e89579fb05) The US Treasury Department's Office of Foreign Assets Control Major John A.1016/j.mitpressjournals. Financial Warfare.010. 2005. http:/ /www. Evolving Operational Concepts of the Chinese People s Liberation Army: A Preliminary Exploration. Michael and Fabio Kanczuk. Rolf Norfolk. ISSN 0030-4387. Va: Center for Naval Analysis. 27.orbis. 2001-2005.edu. Global Economy Journal 6(2) (online). no. Terrorism and economic warfare. International Security 34. pp. Taylor served as Treasury Under Secretary for International Affairs. David M.2007.111 Modern Capitalism: The Changing Balance of Public and Private Power. Lutz B. 2001 Lutz J. no. 2008) SanjayaBaru.2202/1524-5861. Li Unrestricted Warfare and Chinese Military Strategy. The Untold Story of International Finance in the Post-9/11 World (New York: W.org/doi/ Niall Ferguson. Feb.08.org/ John B. Issue 4. Strategic Analysis 33. Dr. Global Credit Warfare : China Preparing for a treasury bond sell off?. Edward James. Van Messel. Unrestricted Warfare: A Chinese doctrine for future warfare? Nan. http://dx. The Penetgan Preps for economic warfare. DOI: 10. (http://www.ntu. Rickards. The Strait Times. 24 October 2004. Taylor.sg/idss/Perspective/research Fikelstein. Volume 51. Sovereign Default and the SustainabilityRisk Premium Efect. Alexandria. April 9 2009 Seeking Alpha. 2 (2009): 7 45 http:// www. Norton & Company. 1-28. Global Financial Warriors. 2007. Journal of Development Economics 76(1): 5369. 2007). 2006b. no. Orbis. Strategic Studies Quarterly Daniel W.sciencedirect. Akemann.informaworld . Bad Debts: Assessing China s Financial Influence in Great PowerPolitics. The Ascent of Money (New York: Penguin Press. Pages 685-696. Geopolitical Implications of the Current Global Financial Crisis. December. Drezner.
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