Ethan B. Kapstein is a nonresident scholar with the American Statecraft Program. He is also codirector of the Empirical Studies of Conflict Project at Princeton University, and Arizona Centennial Professor of International Affairs at Arizona State. Kapstein’s research focuses on U.S. foreign economic policy, with a special interest in how economic instruments have been used in the pursuit of foreign policy and national security objectives. His forthcoming book is Exporting Capitalism: Private Enterprise and U.S. Foreign Policy (Harvard University Press, 2022), which examines American efforts to promote private sector development across the developing world and transition economies. Kapstein is a former international banker and retired U.S. naval officer; he has also served as a principal administrator at the Organization for Economic Cooperation and Development.