Sanctions are now a central tool of governments’ foreign policy
The more they are used, however, the less effective they become
Apr 22nd 2021
I N 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
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- 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
From the April 24th 2021 edition
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