Economic statecraft and target state calculations: conclusions and implications
The purpose of this book has been to develop a unified political theory of economic statecraft and test its ability to explain the outcomes of important economic sanctions and incentives cases. In this chapter, we evaluate the overall performance of our approach in the six cases and its utility compared to other leading models. This discussion will be followed by a consideration of the theoretical implications and policy ramifications of our study. We conclude with a brief discussion of several recent/ongoing high-profile attempts at economic statecraft and consider what types of policies our model suggests the US and the international community should adopt in these situations.