| Version | Summary | Created by | Modification | Content Size | Created at | Operation |
|---|---|---|---|---|---|---|
| 1 | Sirius Huang | -- | 3208 | 2022-11-29 01:39:22 |
The term weaponization of finance refers to the foreign policy strategy of using incentives (access to capital markets) and penalties (varied types of sanctions) as tools of coercive diplomacy. The term was first coined by political scientists Ian Bremmer and Cliff Kupchan. It became one of the main themes of the Eurasia Group’s Top Risks 2015 report. It is a reference to the new ways in which the United States is using its influence to affect global outcomes. Rather than rely on traditional elements of America’s security advantage – including US-led alliances such as NATO and multi-lateral institutions such as the World Bank and the International Monetary Fund – Washington is now ‘weaponizing finance’ by limiting access to the US marketplace and US banks as an instrument of its foreign and security policy.