Economic Renewal: A Grand Strategy for the United States
Major Rebecca B. McElwan, commander of the 106th Finance Management Company, speaks with business leaders at the first Iraqi banking and finance conference hosted by Coalition forces and members of the Balad Provincial Reconstruction Team (Photo: SPC T. Ewings)  



LTC Howard E. Arey
U.S. Army

USAWC Class of 2010

The views expressed in the document are those of the author and do not necessarily reflect the official policy or position of the U.S. Army War College, the U.S. Department of the Army, the U.S. Department of Defense, or the U.S. Government.



This AY-10 student research paper argues that the U.S. should adopt a grand strategy of "economic renewal." The author believes that by taking steps to reduce its debt and leading an international effort to replace the dollar as the global currency, the United States can focus on rebuilding its economic power and maintaining its role as a global leader. He expects supporting military, diplomatic, and informational strategies will ensure the world sees these changes as the actions of a global power leading visionary change instead of a declining power trying to hold onto a fading empire. He concludes changes led by the U.S. are essential for this country to maintain its power as well as to shine as a beacon of free market and democratic principles around the world.

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