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395. Speak Softly and Carry Big Data

Freakonomics Radio

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The Limits of Economic Sanctions

This chapter examines the complexities and limited effectiveness of economic sanctions in achieving foreign policy goals. It discusses historical examples and data, revealing low success rates, particularly in challenging cases, and emphasizes the unintended consequences that often arise. The chapter advocates for alternative strategies that leverage public perception over coercive measures, suggesting innovative approaches in international relations.

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