Trying out the Instruments of Global Governance

... and economic instruments in its foreign policy. The latter category of tools to a large degree deserves particular attention, since economic instruments are highly efficient, do not violate international law, and are quite acceptable politically. The foreign policy economic toolkit of global governance includes incentives for international trade, the use of economic sanctions, foreign debt, foreign direct investment, the establishment of regional economic blocs and regimes, regulation of international financial flows, provision of ...