Since the 1800s, stability operations have played a significant role in U.S. foreign policy. Section IV of the 2006 National Security Strategy (NSS) reiterates the importance of such operations in protecting our global interests. Within a stability operation, economic actions can have an impact that is equal to, or greater than that of military actions. If properly applied, economic planning and execution can have a strong positive impact on the success of the operation. If ignored, the consequences can be dire. Perhaps one of the most dramatic examples of a failure, resulting from not having such an institutional structure and doctrine in place, was that of post-World War I Germany. The renowned economist J. M. Keynes served as the representative of the British Treasury to the Paris Peace Conference in 1919. Unfortunately, his predictions of disaster were prophetic.
The Sword's Other Edge
The key to successful stability operations is swift attention to a country's economic needs.
By Lieutenant Colonel Andrew Wallen, U.S. Air Force, and Lieutenant Colonel David A. Anderson, U.S. Marine Corps (Retired)<p>