The Bases of National Economic Power
Economic wealth is convertible into virtually all types of power and influence. As we have seen in Chapter 3, it is a basis of military power. It figures as one foundation of international prestige. In the conduct of international propaganda, foreign intelligence, and bribery, it is an indispensable subsidiary to skill. It is also a basis of national economic power, which is the subject of the present chapter. What exactly is national economic power? How does it become effective? Which are its bases? How can these bases be promoted? What are the costs of, and hence resistances to, their promotion? How do big and little, and rich and poor, states differ in the bases of economic power? Do national economic systems affect the economic power of states? Logically, we must begin with defining national economic power-a subject which has received far less analytical attention than national military power-and with identifying the types of uses to which it gives rise, and then deduce the foundation on which it rests.
KeywordsForeign Trade Rich Country Economic Power European Economic Community Economic Dependence
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