Backfire
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Agathe Demarais
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Author / Editor information
Reviews
Linking her knowledge of international sanctions to a fascinating, lively account of their far-reaching effects (including humanitarian), Demarais provides a powerful and compelling narrative of the overuse of sanctions by the United States for the past decade. An indispensable read to dive into international relations through an original and timely prism.
Richard Nephew, author of The Art of Sanctions: A View from the Field:
With the knowledge of an expert and the tight prose of a journalist, Agathe Demarais has written a fast-paced, well-articulated review of the difficulties, risks, and unintended consequences of using sanctions. This book should be added to university curricula and personal reading lists alike.
Paul Hannon, The Wall Street Journal:
Backfire is a balanced, fast-paced, and often surprising account of the growing influence that sanctions have had on businesses, economies, and people around the world over recent decades, highlighting their often unintended and self-defeating consequences as well as their rare successes.
Daniel Franklin, executive editor, The Economist:
Sanctions are in fashion. Trump used them with relish. Biden has deployed formidable ones against Russia. But do they work? And what are their side effects and long-term impact? These are critical questions, and Agathe Demarais's excellent, clear-headed book has uncomfortable answers.
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Frontmatter
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CONTENTS
vii -
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PREFACE
ix - I SANCTIONS GENESIS
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1 FROM EMBARGOES TO SANCTIONS A Brief History
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2 HITTING WHERE IT HURTS The Era of Financial Sanctions
16 -
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3 HIT AND MISS Why Sanctions Sometimes Work, but More Often Fail
35 - II SANCTIONS CROSSFIRE
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4 COLLATERAL DAMAGE When Sanctions Kill
53 -
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5 SANCTIONS OVERREACH When Foreign Firms Get Caught in the Crossfire
67 -
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6 SANCTIONS OVERKILL When Sanctions Crash Global Commodities Markets
86 -
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7 SANCTIONS DISPUTES When Russian Gas Pipelines Divide Allies
100 - III SANCTIONS BLUES
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8 SANCTIONS-BUSTING Avoidance Schemes from U.S. Friends and Foes
123 -
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9 DOING DOWN THE DOLLAR The Rise of Digital Coins and Other Reserve Currencies
140 -
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10 HIGH-TECH FUTURE Are Export Controls the Sanctions of Tomorrow?
158 -
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11 WHEN SANCTIONS WORK TOO WELL Why Decoupling from China Would Backfire
176 -
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CONCLUSION
197 -
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ACKNOWLEDGMENTS
201 -
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NOTES
203 -
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BIBLIOGRAPHY
249 -
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INDEX
287