4min chapter

Foreign Policy Live cover image

Larry Summers on China, Russia, and the Global Economy

Foreign Policy Live

CHAPTER

The Importance of Financial Diplomacy

U.S. sanctions on so many countries around the world doesn't seem to be stalling Putin or at least stopping him from the war this year. I don't know where people are going to go who are looking for an alternative to the dollar. It would not be my view that the dollar is facing some kind of large-scale threat. The most profound question for American foreign policy and it's one that very much implicates economic policy.

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