After reading this chapter, you should be able to:

• Describe three different types of political economy adopted in modern times.
   
• Summarize the dominant role of the United States in the balance of economic power.
   
• Discuss global and domestic trade politics as aspects of U.S. foreign economic policy.
   
• Explain the motivations behind foreign aid in U.S. foreign economic policy.
   
• Identify the forms and functions of economic sanctions as a policy tool.