Economic Sanctions: Assessing Their Use and Implications for U.S. Foreign Policy

Brookings Institution

Brookings Institution Falk Auditorium, 1775 Massachusetts Ave. NW, Washington DC 20036

January 27, 2020, 2:00 pm to 3:30 pm

In the nearly two decades since the 9/11 attacks, the United States has expanded its use of economic sanctions to address a broad range of national security and foreign policy objectives. Through the innovative use of financial penalties and greater integration in the global banking system, sanctions have become the go-to tool of economic warfare. They are widely applicable, scalable, and can be comprehensive or targeted. Yet, with Washington’s increasing reliance on these policy instruments, serious questions remain about their long-term effectiveness and their potential to produce unintended consequences.

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For sanctions to achieve strategic objectives they must be adapted to a new era of geopolitical competition and coordinated with other forms of diplomacy. To help make sense of the design, implementation, and implications of sanctions, Foreign Policy at Brookings will host a panel of experts with a combined background in the use of sanctions in Latin America, Europe, North Korea, and the Middle East.

Bruce Jones, vice president and director of the Foreign Policy program, will kick off the event with introductory remarks. He will be followed by a panel discussion with Brookings Senior Fellows Suzanne Maloney, Jung Pak, Ted Piccone, and Tom Wright, moderated by Jim Goldgeier, Robert Bosch senior visiting fellow. The session will conclude with questions from the audience.

 

Welcoming remarks

Bruce Jones, Vice President and Director, Foreign Policy, The Brookings Institution

 

Discussion

Suzanne Maloney, Senior Fellow and Deputy Director, Foreign Policy, The Brookings Institution
Jung Pak, Senior Fellow and SK-Korea Foundation Chair, Center for East Asia Policy Studies, The Brookings Institution
Ted Piccone, Nonresident Senior Fellow, Foreign Policy, The Brookings Institution
Thomas Wright, Senior Fellow and Director, Center on the United States and Europe, The Brookings Institution
Moderator: James Goldgeier, Robert Bosch Senior Visiting Fellow, Center on the United States and Europe, The Brookings Institution

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