Lady Thatcher, a unique figure in global politics, shares her views about the dangers and opportunities of the new millennium.

divAs trade flows expanded and trade agreements proliferated after World War II, governments—most notably the United States—came increasingly to use their power over imports and exports to influence the behavior of other countries. But trade is not the only way in which nations interact economically. Over the past two decades, another form of economic exchange has risen to a level of vastly greater significance and political concern: the purchase and sale of financial assets across borders. Nearly $2 trillion worth of currency now moves cross-border every day, roughly 90 percent of which is accounted for by financial flows unrelated to trade in goods and services—a stunning inversion of the figures in 1970. The time is ripe to ask fundamental questions about what Benn Steil and Robert Litan have coined as “financial statecraft,” or those aspects of economic statecraft directed at influencing international capital flows. How precisely has the American government practiced financial statecraft? How effective have these efforts been? And how can they be made more effective? The authors provide penetrating and incisive answers in this timely and stimulating book. /DIV

Introduction -- Techniques of statecraft -- What is economic statecraft? -- Thinking about economic statecraft -- Economic statecraft in international thought -- Bargaining with economic statecraft -- National power and economic statecraft -- "Classic cases" reconsidered -- Foreign trade -- Foreign aid -- The legality and morality of economic statecraft -- Conclusion -- Afterword : economic statecraft : continuity and change / Ethan B. Kapstein.

George F. Will purports that the proper goals of statecraft, are justice, social cohesion, and national strength. Therefore, he urges the development of a "conservatism with a kindly face," capable of respecting private enterprise and at the same time espousing "an affirmative doctrine of the welfare state," which Will sees as "an embodiment of the wholesome ethic of common provision." Proper government involves the cultivation of good character in citizens. This is what is meant by statecraft as soulcraft.

Analyzing the American intelligence network, senior research fellow at Hoover Institution Angelo Codevilla concludes that American intelligence efforts are desperately outdated in this “masterful exploration of the field” (Publishers Weekly). Based on years of research and experience working within the American intelligence network, Angelo Codevilla argues that the intelligence efforts of the nation’s government are outgrown and inconclusive. Suggesting that the evolution of American intelligence since the Vietnam War and World War II has been erratic and unplanned, Codevilla presents new efforts to be made within the intelligence network that would lead to strategized and effective methods of information gathering. Connecting the lines between a need for successful intelligence efforts and a strong government, Informing Statecraft warns of how intelligence failures of the past will eventually pale in comparison to the malaise that plagued American intelligence in the twentieth century.

A "look at the unsung men and women of the U.S. Foreign Service whose dedication and sacrifices have been a crucial part of our history for over two centuries. Fifteen years in the making, veteran journalist and historian Moskin has traveled the globe conducting hundreds of interviews both in and out of the State Department to look behind the scenes at America's 'militiamen of diplomacy'"--

At any given time, a limited number of national currencies are used as instruments of international commerce, to settle foreign trade transactions or store value for investors and central banks. How countries whose currencies gain international appeal choose to use this status forms their strategy of currency statecraft. In different circumstances, issuing governments may welcome and promote the internationalization of their currency, tolerate it, or actively oppose it. Benjamin J. Cohen offers a provocative explanation of the strategic policy choices at play. In a comprehensive review that ranges from World War II to the present, Cohen convincingly argues that one goal stands out as the primary motivation for currency statecraft: the extent of a country’s geopolitical ambition, or how driven it is to build or sustain a prominent place in the international community. When a currency becomes internationalized, it generally increases the power of the nation that produces it. In the persistent contestation that characterizes global politics, that extra edge can matter greatly, making monetary rivalry an integral component of geopolitics. Today, the major example of monetary rivalry is the emerging confrontation between the US dollar and the Chinese renminbi. Cohen describes how China has vigorously promoted the international standing of its currency in recent years, even at the risk of exacerbating relations with the United States, and explains how the outcome could play a major role in shaping the broader geopolitical engagement between the two superpowers.