ABSTRACT
Economic statecraft is the practical study of how a country can grow its economy and leverage its economic strengths to become a strong nation and maintain that status in international politics. In recent years, economic statecraft has become a prominent subject, particularly in the United States, and major US think tanks and universities have launched related research programs and initiatives. Within a country, the tension between the supply of wealth and the demand for power is growing; a lack of wealth has led the major powers to increasingly expand overseas by means of power, thus triggering geopolitical game-play among the great powers. Compared to the United States, Chinese economic statecraft prioritizes sustainable economic development in the transformation of wealth to power, in contrast to the subject of US economic statecraft research. The chapter also presents an overview on the key concepts discussed in this book.
