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102 Foreign Aff. 106 (2023)
The New Economic Security State: How De-Risking Will Remake Geopolitics

handle is hein.journals/fora102 and id is 1220 raw text is: 







   'Ihe New Economic


            Security State




               How De-risking Will

               Remake Geopolitics

      HENRY FARRELL AND ABRAHAM NEWMAN







In April   2023, U.S. National Security Adviser Jake Sullivan begged
    his listeners' indulgence for straying out of his lane by delivering
    a major address about economics. But his actual argument-that
decades of free-market zealotry had weakened the country's national
security-was anything but apologetic. Ignoring economic dependen-
cies that had built up over the decades of liberalization had become
really perilous-from energy uncertainty in Europe to supply-chain
vulnerabilities in medical equipment, semiconductors, and critical min-
erals, Sullivan said. These were the kinds of dependencies that could
be exploited for economic or geopolitical leverage. Sullivan acknowl-
edged both the costs and the benefits of markets but emphasized how



HENRY FARRELL is Professor of Political Science and International Affairs at George
Washington University.
ABRAHAM  NEW MAN is a Professor at the Edmund A. Walsh School of Foreign Service
and in the Department of Government at Georgetown University.
They are the authors of Underground Empire: How America Weaponized the World Economy.


FOREIGN AFFAIRS


106

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