Economic statecraft refers to the use of economic tools by a state to achieve its foreign policy objectives. This can include both positive measures (such as trade agreements, aid, or investment incentives) and negative measures (such as sanctions, embargoes, or the withdrawal of economic privileges). Through economic statecraft, states seek to influence the behavior of other international actors without resorting to military force.

• Baldwin, D. A. (1985). Economic statecraft. Princeton University Press.