The Rise of Economic Nationalism EU and US Foreign Economic Policy Responses to China: The End of Naivety Joachim Schild and Dirk Schmidt. Abingdon: Routledge, 2023.£130.00. 272 pp.

Economic statecraft, by which countries pursue national foreign- and security-policy aims through economic means, has a long tradition in international affairs, but was sidelined after the end of the Cold War. Since 2008, however, the global financial crisis and the rise of China have weakened the dominant position of the West, eroded the forces of globalisation and revived economic nationalism. In their book EU and US Foreign Policy Responses to China: The End of Naivety, Joachim Schild and Dirk Schmidt assess how the United States and European Union responded to China's challenge through their foreign economic policies. They find a paradigm shift away from the liberal framework towards economic nationalism on both sides of the Atlantic, and many parallels in the specific tools and means deployed. At the same time, they identify significant differences, most notably on the underlying rationale of relations with China and the role of military security.