Do Sanctions Work?
Do economic sanctions actually work? And how do they affect businesses trading with the countries targeted?
US President Donald Trump is bringing back sanctions on Iran and is threatening to extend the sanctions to European companies that do business there. The Iran announcement came in the same week that the USA announced more sanctions on Venezuela, ahead of controversial elections later this month. Since coming into power, President Trump has used economic sanctions as a weapon of choice. But do sanctions actually work? And how do they affect businesses trading with the countries concerned? Ed Butler is joined by a panel of experts to discuss what to expect as the US grip tightens over the economies of countries it is in conflict with.
(Picture: An Iranian woman walks past a mural on the wall of the former US embassy in Tehran on May 8, 2018. Photo credit:ATTA KENARE/AFP/Getty Images)
Contributors: Elizabeth Rosenberg from the Center for a New American Security. Former Senior Advisor at the U.S. Department of the Treasury where she helped to develop and implement financial and energy sanctions.
Nigel Kushner, specialist sanctions lawyer, CEO of W Legal.
Professor Ricardo Hausmann, Director of Harvard's Center for International Development. Former Minister of Planning of Venezuela.
Producer: Audrey Tinline
Last on
More episodes
Previous
Next
Broadcasts
- Sat 12 May 2018 02:06GMTΒι¶ΉΤΌΕΔ World Service except Americas and the Caribbean, East and Southern Africa, News Internet & West and Central Africa
- Sat 12 May 2018 07:32GMTΒι¶ΉΤΌΕΔ World Service except News Internet & West and Central Africa
- Sat 12 May 2018 22:32GMTΒι¶ΉΤΌΕΔ World Service except News Internet
- Sun 13 May 2018 02:06GMTΒι¶ΉΤΌΕΔ World Service East and Southern Africa, Americas and the Caribbean & West and Central Africa only
In The Balance Podcast
Sign up to receive every programme automatically
Podcast
-
In the Balance
The biggest financial stories and why they matter to us all.