ABSTRACT

Accused by critics of having failed to develop a coherent foreign policy vision for the post-Cold War era, President Clinton and his foreign policy team have begun to respond to the challenge. By the middle of 1994, the Clinton team was voicing several major themes. First, economics is assuming a new centrality in international relations and to be strong abroad, the United States must have a strong economic base at home. In an increasingly global economy, Washington must seek to harness that economy for the benefit of its own people. To do this, the United States must get its own economic house in order, make trade a priority element of American security policy, improve economic coordination among the major industrial powers, and promote steady expansion in the developing world, especially in East Asia, which now constitutes a rapidly expanding market for U.S. exports.