Why US economic sanctions often fail

FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/File Photo/File Photo

Backfire book coverAgathe Demarais, global forecasting director of the Economist Intelligence Unit, speaks with host David Dollar about her new book, Backfire: How Sanctions Reshape the World Against U.S. Interests (Columbia University Press). In the conversation, Demarais explains why sanctions are a frequent U.S. foreign policy tool, why sanctions are often ineffective, and how China and Russia are developing ways to circumvent sanctions.