Economic Sanctions: Deterrence and Miscalculations

The last two decades have marked a revolution in economic warfare. As the United States has increasingly sought to weaponize the global economy against its adversaries, the world has become fractured into competing blocks, resulting in an economic arms race among major powers. This is the argument made by Eddie Fishman in his new book, Chokepoints: American Power in the Age of Economic Warfare. The book tells the story of how the US wielded its economic tools, ranging from sanctions, export controls, investment restrictions, and oil price caps, to address the pressing global security challenges stemming from Iran, Russia, and China. It’s the story of how the world economy became a new frontier of warfare. This week, we’re pleased to welcome Edward Fishman to discuss his new book and how it informs the issues facing us today. 

Edward Fishman is an adjunct senior fellow at the Center for a New American Security, senior research scholar for the Center for Global Energy Policy, and an adjunct professor of international and global affairs at Columbia University