The Critical Role of Economic Statecraft in U.S.-China Great Power Competition

Abstract

China is the worlds second largest economy and some expect China to surpass the United States economy in less than two decades. For the United States to compete against China effectively in the long term it needs to have an effective, multilateral economic statecraft component more so than a military one. This paper will provide background context on the use of economic statecraft with China, the United States, the various pros and cons of economic statecraft, and propose multilateral methods of using economic statecraft. These methods include the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the proposed Democratic 10 (D10) initiative. With China's economy increasing and their military's capability and power projection rapidly becoming on par with the United States, the United States needs to rethink how it manages strategic competition with China.

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Document Details

Document Type
Technical Report
Publication Date
Apr 15, 2021
Accession Number
AD1177969

Entities

People

  • Michael N. Doss

Organizations

  • Marine Corps University

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Agreements
  • Asia
  • China
  • Commerce
  • Department Of Defense
  • Economic Sanctions
  • Economics
  • Foreign Policy
  • Foreign Relations
  • Governments
  • Intellectual Property
  • Intergovernmental Organizations
  • International Conflicts
  • International Organizations
  • Investments
  • Judiciary
  • Law
  • National Security
  • Political Science
  • Property Rights
  • Second World War
  • United States

Fields of Study

  • Economics

Readers

  • Asian Economic Studies
  • Economics