Economic Sanctions Are a Global Curse

Political leaders in the United States have touted economic sanctions as less costly and more humanitarian than wars to affect the objectionable policies of an adversary. I beg to differ.

Prolonged sanctions can inflict pain, physical destruction and death, disrupt global supply chains, force sub-par and costly restructuring of the global economy, reshape global alliances with fallout that can last much longer than most conventional wars. It is a Neo-colonial instrument available to an…

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Hossein Askari

Hossein Askari

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MIT engineer-economist. Prof: Tufts, UT-Austin, GW. IMF Board. Mediator Iran, Saudi Arabia, Kuwait. Writing: Econ-Finance, Oil, Sanctions, Mid-East, Islam.