The new wave of sanctions is economic warfare

Description

The average number of sanctions per decade has increased since the end of the Cold War in 1990. Economist Peter A.G. van Bergeijk suspects this isn’t a coincidence—they’re more palatable than an armed conflict, with less collateral damage than some other interventions. They also coincide with shifts in the openness of the world economy—the economy became more global after the collapse of the Soviet Union. Economic interdependence gave sanctions more teeth, so their use spiked.