Opinions
The Political Economy of Sanctions in the Era of Global Neo-Protectionism
The argument for sanctions as a neo-protectionist tool is supported by an increasing body of evidence, e.g. trade wars in banking, energy, telecommunications.The seemingly tit-for-tat escalation in misconduct penalties on European and US banks, imposed by governmental authorities from either side of the Atlantic, provides a case in point, writes Ksenia Kirkham, a researcher at King’s College London.