“In the past decade, economics and national security have collided, turning government inside out and upside down,” write Henry Farrell and Abraham Newman in a new essay for the upcoming issue of Foreign Affairs.
When the Cold War ended, the United States embraced the idea that “the widening and deepening of commercial ties would make the world safer.” But as the global economy has become vastly more complex, it has instead become more dangerous—and Washington’s capacity to understand it and manage it has eroded, Farrell and Newman warn. The United States must now create new institutions and capabilities to manage its economic security in a highly interdependent and highly competitive world—an effort that will entail “nothing less than a transformation of the U.S. government.”
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