Perceived economic strength dictates U.S. global influence
Leslie Gelb 10, Senior Official at the State and Defense Department and President Emeritus at CFR, “Fashioning a Realistic Strategy for the Twenty-First Century,” Fletcher Forum of World Affairs, Volume 34, Number 2, Summer 2010, http://fletcher.tufts.edu/forum/archives/pdfs/34-2pdfs/Gelb.pdf
Power is what it always has been. It is the ability to get someone to do something they do not want to do by means of your resources and your position. It was always that. There is no such thing in my mind as “soft” power or “hard” power or “smart” power or “dumb” power. It is people who are hard or soft or smart or dumb. Power is power. And people use it wisely or poorly. Now, what has changed is the composition of power in international affairs. For almost all of history, international power was achieved in the form of military power and military force. Now, particularly in the last fifty years or so, it has become more and more economic. So power consists of economic power, military power, and diplomatic power, but the emphasis has shifted from military power (for almost all of history) to now, more economic power. And, as President Obama said in his West Point speech several months ago, our economy is the basis of our international power in general and our military power in particular. That is where it all comes from. Whether other states listen to us and act on what we say depends a good deal on their perception of the strength of the American economy. A big problem for us in the last few years has been the perception that our economy is in decline.