Perspective| FES Washington Implementing»Smart Power« Amid Economic Crisis JOHN K. GLENN February 2011 nn The Obama Administration has embraced a»smart power« foreign policy that seeks to balance»hard power« military tools with»soft power« tools of diplomacy and development. nn Initiatives such as the Presidential Study Directive on Global Development and the Quadrennial Diplomacy and Development Review seek to define the needed policy changes. nn The economic crisis and budget deficits have constrained the Administration’s ability to implement this approach and invest greater resources in diplomacy and develop­ment. nn U.S. military leaders are among the most vocal supporters of this new approach to foreign policy.