Geo-economic strategy - deploying economic instruments to secure
foreign-policy aims and to project power - has long been a key
element of statecraft. In recent years, it has acquired even
greater salience given China's growing antagonism with the United
States and the willingness of both Beijing and Washington to wield
economic power in their confrontation. This trend has particular
significance for Japan given its often tense political relationship
with China, which remains its largest trading partner. While
Japan's post-war geo-economic performance often failed to match its
status as one of the world's largest economies, more recently Tokyo
has demonstrated increased geo-economic agency and effectiveness.
In this Adelphi book, Yuka Koshino and Robert Ward draw on multiple
disciplines - including economics, political economy, foreign
policy and security policy - and interviews with key policymakers
to examine Japan's geo-economic power in the context of great-power
competition between the US and China. They examine Japan's previous
underperformance, how Tokyo's understanding of geo-economics has
evolved and, given constraints on its national power-projection,
what actions Japan might feasibly take to become a more effective
geo-economic actor. Their conclusions will be of direct interest
not only for all those concerned with Japanese grand strategy and
the Asia-Pacific, but also for those middle powers seeking to
navigate great-power competition in the coming decades.
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