Benn Steil and Robert Litan’s Financial Statecraft: The Role of Financial Markets in American Foreign Policy, now available in paperback, was chosen by Daniel W. Drezner as one of the books of the month for “March (and February… um, January too).” Drezner’s blog is “sharp but informal commentary on politics and foreign policy,” according to The New Republic, and “one of the essential weblogs,” says Gawker.com. Here’s what Drezner had to say about Financial Statecraft:

“What a difference two years make. Steil and Litan’s book came out [in hardcover] in early 2006 as an analysis of how the U.S. could deploy financial statecraft to advance its foreign policy ends. Now, with the rise of sovereign wealth funds, one wonders if people in Beijing, Moscow, and Abu Dhabi are reading this excellent primer on the subject.”

Benn Steil is director of international economics at the Council on Foreign Relations and the editor of International Finance. Robert
E. Litan is vice president of research and policy at the Kauffman
Foundation and senior fellow in the Economic Studies Program at the
Brookings Institution.

View the table of contents, or read an excerpt.