Coercive economic measures have become a central tool of foreign policy and have been used to address an array of threats to U.S. national security. However, a range of economic and financial technology trends will influence their strength and efficacy in the future.
On April 30, the Center for a New American Security (CNAS) hosted a public event on the future of U.S. coercive economic measures. The event coincided with the release of the new CNAS report titled Economic Dominance, Financial Technology, and the Future of U.S. Coercive Economic Measures, principally co-authored by Elizabeth Rosenberg and Peter Harrell.
This event featured keynote remarks from:
- Jacob J. Lew, Partner at Lindsay Goldberg, and former Secretary of the Treasury
As well as a panel discussion featuring the project team that produced the report:
- Peter Harrell, Adjunct Senior Fellow at the Center for a New American Security and former Deputy Assistant Secretary for Counter Threat Finance and Sanctions at the Department of State
- David S. Cohen, Partner at WilmerHale, former Deputy Director of the Central Intelligence Agency, and former Under Secretary of the Treasury for Terrorism and Financial Intelligence
- Elizabeth Rosenberg, Senior Fellow & Director at the Center for a New American Security, and former Senior Advisor to the Under Secretary of the Treasury for Terrorism and Financial Intelligence
- Adam Szubin, Of Counsel at Sullivan & Cromwell LLP and former Acting Under Secretary of the Treasury for Terrorism and Financial Intelligence
- Daleep Singh, Chief U.S. Economist of SPX International and former acting Assistant Secretary of the Treasury for Financial Markets
- Dr. Gary M. Shiffman, Chief Executive Officer of Giant Oak, Inc. and former Chief of Staff at Customs and Border Protection
This panel: (1) examined the macroeconomic and financial technology trends that will affect the U.S. use of coercive economic measures over the medium term and (2) offered strategies U.S. policymakers can pursue to preserve the effectiveness of coercive economic measures.