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Backfire explores the surprising ways sanctions affect multinational companies, governments, and ultimately millions of people around the world. Drawing on interviews with experts, policy makers, and people in sanctioned countries, Agathe Demarais examines the unintended consequences of the use of sanctions as a diplomatic weapon.
List of contents
Preface
Part I: Sanctions Genesis1. From Embargoes to Sanctions: A Brief History
2. Hitting Where It Hurts: The Era of Financial Sanctions
3. Hit and Miss: Why Sanctions Sometimes Work, but More Often Fail
Part II: Sanctions Crossfire4. Collateral Damage: When Sanctions Kill
5. Sanctions Overreach: When Foreign Firms Get Caught in the Crossfire
6. Sanctions Overkill: When sanctions Crash Global Commodities Markets
7. Sanctions Disputes: When Russian Gas Pipelines Divide Allies
Part III: Sanctions Blues8. Sanctions Busting, Avoidance Schemes from U.S. Friends and Foes
9. Doing Down the Dollar: The Rise of Digital Coins and Other Reserve Currencies
10. High-tech Future: Are Export Controls the Sanctions of Tomorrow?
11. When Sanctions Work Too Well: Why Decoupling from China Would Backfire
Conclusion
Acknowledgments
Notes
Bibliography
Index
About the author
Agathe Demarais leads the work of the European Council on Foreign Relations (ECFR) on geoeconomics. She was previously the global forecasting director of the Economist Intelligence Unit and an economic policy adviser for the diplomatic corps of the French Treasury in Russia and Lebanon.
Summary
Backfire explores the surprising ways sanctions affect multinational companies, governments, and ultimately millions of people around the world. Drawing on interviews with experts, policy makers, and people in sanctioned countries, Agathe Demarais examines the unintended consequences of the use of sanctions as a diplomatic weapon.
