Geoeconomics: What’s the cost of coercion in global trade?

When countries practice geoeconomics, they use their economic might to win concessions from other nations. Geoeconomics can include tools like industrial policy, tariffs, and embargoes.  But some say these economic coercion tactics could reduce trust and cooperation among nations – and have critical impacts on global trade. Watch the panel discussion with economists Douglas Irwin, Karen Dynan, and Caroline Freund and download the paper given by professor Jeffry Frieden at the Boston Fed’s 69th Economic Conference, “The U.S. Economy in a Changing Global Landscape.”