New Delhi, Sept. 20 -- Dear top, middle and junior manager, I write this in response to questions you have been asking me after hearing my talks on geoeconomics and economic statecraft. I know that you are anxious about your career path and the future of your company, and that neither business school nor recent working experience may have prepared you for what your job has become.

Economic statecraft is the use of economic measures to achieve political objectives. It is different from diplomacy and warfare in that a government uses private firms and individuals to carry it out.

So in today's world, where governments are catching the contagion of tariffs, sanctions, quotas and chokepoint diplomacy, it is the private firm that finds itsel...