Strategic Capital

CSIS experts research the public incentives and private funds needed to achieve national and economic security priorities, focusing on supply chains and critical technologies.

Photo: Westy72/GETTY IMAGES

Photo: Westy72/GETTY IMAGES

A New Organizational Paradigm for Economic Statecraft at the U.S. State Department

Economic and energy competition are at the center of geopolitics, but to compete, the U.S. relies on institutions built for a different era. This report diagnoses structural failures hindering U.S. economic statecraft and proposes concrete reforms for the State Department.

Report by Allison Lombardo and Jonathan Gandomi — August 26, 2026

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Phil Luck

Philip Luck

Director, Economics Program and Scholl Chair in International Business
Joseph Majkut CSIS

Joseph Majkut

Director, Energy Security and Climate Change Program
Jerry McGinn

Jerry McGinn

Director, Center for the Industrial Base and Senior Fellow, Defense and Security Department
Alek Jovovic

Alek Jovovic

Deputy Director, Center for the Industrial Base and Senior Fellow, Defense and Security Department
Ilaria Mazzocco

Ilaria Mazzocco

Deputy Director and Senior Fellow, Trustee Chair in Chinese Business and Economics
Karl Smith

Karl Smith

Senior Fellow, Economic Security and Technology Department

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A New Organizational Paradigm for Economic Statecraft at the U.S. State Department

Economic and energy competition are at the center of geopolitics, but to compete, the U.S. relies on institutions built for a different era. This report diagnoses structural failures hindering U.S. economic statecraft and proposes concrete reforms for the State Department.

Report by Allison Lombardo and Jonathan Gandomi — August 26, 2026

South Korea’s Strategic Capital Play

This blog chart shines a light on South Korea's $1.5 trillion in sovereign-fund assets and explores how it can be deployed to serve both financial and economic-security objectives.

Blog Post by Navin Girishankar, Karl Smith, Andrea Leonard Palazzi, and Joseph Lim — August 4, 2026

Energy Considerations for EXIM Reauthorization

Rejuvenating EXIM will be crucial to U.S. competitiveness as export credit agencies play an increasingly important role in global energy finance.

Critical Questions by Ray Cai — June 15, 2026

Economic Warfare and Military Power

As strategic competition intensifies, the United States needs a clearer way to use finance, trade, industrial policy, and regulation to strengthen its own defense base while making it harder for adversaries to turn economic strength into military power. 

Brief by Benjamin Jensen and Jacob Clayton — May 26, 2026

A New Phase for the U.S. Battery Industry

U.S. battery manufacturing is at a critical inflection point just as the industry becomes increasingly central to energy priorities. This report examines key dynamics shaping the U.S. battery value chain and discusses strategies to address its most pressing needs.

Report by Ray Cai and Jane Nakano — April 27, 2026

Unlocking Development Capital Through Insurance | The Futures Summit

Tune in for a conversation between Michel Liès, Chairman of Zurich Insurance Group and Chair of the Insurance Development Forum, and CSIS Vice President Noam Unger as they discuss role of insurance in lowering risk, mobilizing capital, and advancing sustainable development outcomes.

Event — April 16, 2026

Tech Edge: A Living Playbook for America’s Technology Long Game

Winning the tech race is not about any single breakthrough. Leadership requires competing across the full menu of technologies, developing the dexterity to build at speed and scale, and defending our domestic markets from nonmarket competition.

Report by CSIS Scholars — January 20, 2026