Economic statecraft

Economic statecraft refers to the use of economic tools and policies by a government to influence other countries' behaviors or achieve foreign policy goals. This can involve trade agreements, sanctions, or investment strategies. By leveraging economic power, a nation can promote its interests, support allies, or pressure adversaries. For example, imposing sanctions might aim to discourage aggressive actions by another country, while offering trade deals could encourage cooperation. Essentially, it's about using economic relationships and resources as a means to navigate international relations and security.