![]() They have become a knee-jerk reaction by Western nations to anything going on in the world of which they disapprove, actions which satisfy our desire to ‘do something’ and make clear our moral outrage in the face of abuses of one kind or another. Originally designed to curb aggressive state behaviour, economic sanctions are now routinely used by the United States and its allies to punish any state, entity, regime, or individual which offends them, wherever located. ‘A weapon out of control’ is how two legal scholars have accurately described the growing use of economic sanctions as a tool of foreign policy. The opinions expressed are those of the author, not of the Centre. I am grateful to Jess Tomlinson for research assistance and to Erik Schurkus for help in arranging printing, presentation, and distribution. I would like to thank Avis Bohlen, Christopher Granville, and Alan Moses for incisive comments on an earlier draft of this essay. He was Non-Executive Director of Janus Capital from 2001-2011 and Non-Executive Director of Russneft from 2016-2021. He is best known for his three volume biography of the economist John Maynard Keynes. He was Professor of International Studies at the University of Warwick from 1978-1990 and Professor of Political Economy at the University of Warwick from 1990-2007. Robert Skidelsky is chairman of the Centre for Global Studies. Registered in England and Wales (number 2823354) Registered Office: 110 Beddington Lane, Croydon, Surrey, CR0 4TD. It is independent of any political party or group and is financed by voluntary donations and the sale of publications.Ĭontact: CPI Antony Rowe Ltd. The Centre is a registered charity and a company limited by guarantee. The Centre for Global Studies is a London-based think-tank that aims to improve public understanding of economics and global policy. Economic Sanctions: A Weapon out of Control?
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