Sanctions are now a central tool of governments’ foreign policy
The more they are used, however, the less effective they become
IN 2016 JACK LEW, America’s then treasury secretary, reflected on how his country had, over decades, “refined our capacity to apply sanctions effectively”. But he also gave a warning: overuse “could undermine our leadership position within the global economy, and the effectiveness of our sanctions themselves”.
This article appeared in the Finance & economics section of the print edition under the headline “Handle with care”
Finance & economics April 24th 2021
- Sanctions are now a central tool of governments’ foreign policy
- The pitfalls of trading geopolitical risk
- The woes of Huarong pose dilemmas for Beijing
- Isaiah Andrews wins the John Bates Clark Medal
- One emerging-market worry gives way to another
- Has Europe’s BlackRock outgrown its pond?
- How to think about vaccines and patents in a pandemic
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