Economic Warfare and Sanctions: A Double-Edged Sword

This chapter explores the intricate relationship between economic measures and political power, particularly focusing on the U.S. sanctions against Russia after its invasion of Ukraine. It examines the effectiveness and limitations of sanctions, tariffs, and the significance of the U.S. dollar in global finance, while shedding light on how countries like China are developing alternatives to counteract U.S. influence. The discussion ultimately centers on the future of digital currencies and the necessity for the U.S. to innovate to maintain its economic supremacy in an evolving geopolitical landscape.