Small Wars Journal

world system

Small Financial Wars – Assessing American Strategy and Application of Financial Suasion SWJED Sun, 11/10/2019 - 11:53am
The United States occupies a central role in the global financial system and has leveraged its advantage to combat transnational actors and pressure geopolitical adversaries. The low cost and high utility of financial suasion makes it an appealing tool for presidents seeking alternatives to military force or unsophisticated embargos. However, presidents who make use of this financial strength must understand its roots, appropriate use, and the threats to American predominance it can create.