Do Economic Sanctions Work? by Kenneth Rogoff – Project Syndicate

Economic Counsellor Kenneth Rogoff

Economic Counsellor Kenneth Rogoff (Photo credit: Wikipedia)

Harvard Professor, Kenneth Rogoff, takes a hard-look at the effectiveness of economic sanctions, published by Project Syndicate. It’s a recommended read. Check it out!

via Do Economic Sanctions Work? hard look at the effectiveby Kenneth Rogoff – Project Syndicate.

Obviously, the example that comes to mind is US/EU sanctions on Russia, and Russia’s response. It’s the start of a new year and I think that there’s an urgent need to remove sanctions and regain some trust between nations, as highlighted by former Soviet leader Michael Gorbachev.

A New Cold War Order? by Mikhail Gorbachev – Project Syndicate

English: President George H. W. Bush and Presi...

English: President George H. W. Bush and President Mikhail Gorbachev sign United States/Soviet Union agreements to end chemical weapon production and begin destroying their respective stocks in the East Room of the White House, Washington, DC on the 1st of June 1990. Suomi: Neuvostoliiton presidentti Mihail Gorbatšov ja Yhdysvaltain presidentti George H. W. Bush allekirjoittamassa kahdenvälistä kemialliset aseet kieltävää sopimusta Valkoisessa talossa, Washingtonissa 1.6.1990 (Photo credit: Wikipedia)

This is a must-read article by former Soviet leaderMikhail Gorbachev, published by Project Syndicate.

via A New Cold War Order? by Mikhail Gorbachev – Project Syndicate

It is too easy to get into a blame game or point fingers. I agree with Mikhail Gorbachev that mutual trust needs to be reestablished. He is also right that Europe is the big loser.