Matthew Flug, Tom Johansmeyer
The U.S. is losing the war on sentiment in the Global South, where the world’s most economically vulnerable countries rely on larger powers for economic support and security. Russia and China have capitalized on this dynamic by seizing the economic initiative in this region, often at the expense of the U.S. To close the gap, the U.S. needs to refine its understanding of economic warfare. By embracing unorthodox strategies and innovative tools, the U.S. can more effectively wield economic power to win influence back from its adversaries.
Our occasional paper, published by Joint Special Operations University, outlines one such innovative tool called “insurance as economic security” (IAES). IAES leverages insurance to mitigate economic security challenges and allow the U.S. to improve engagement with the Global South. This approach could become a relevant, viable risk mitigation since the U.S.’ ability to deliver foreign aid atrophied in 2025. Moreover, IAES can be implemented without direct reliance on U.S. taxpayer funds.
No comments:
Post a Comment