Archive · 23 Nov 2025
Economic Sanctions: A Growing Global Force
Economic sanctions are like slow, powerful attacks on countries' economies.
They're used more and more, but not much is known about them.
A new book by Urjit Patel, a famous economist, explains how sanctions are changing global politics and economics.
He uses examples like US sanctions on India's Russian oil imports and Iran's Chabahar port to show how sanctions affect countries.
Patel says we need to understand sanctions better and be careful about their long-term effects.
Economic sanctions are growing in number and impact, unlike tariffs
US sanctions on India's Russian oil imports altered India's policy
US sanctions on Iran's Chabahar port delayed India's strategic project
Patel's book highlights the need for understanding and transparency in sanctions
Sanctions may have unintended consequences, like pushing India closer to China and Russia
- Who
- Countries imposing and targeted by sanctions, like the US, India, Russia, and Iran
- What
- Economic sanctions, which are different from tariffs
- When
- Sanctions have been growing in number since the 1990s
- Where
- Worldwide, with a focus on emerging economies in Asia
- Why
- To influence diplomatic agendas and inflict economic damage
- Book Title
- The Great Sanctions Hack: Understanding the scourge of economic sanctions
- Author
- Urjit Patel
- Primary Category
- ECONOMICS
- Secondary Category
- Sanctions
- Tertiary Category
- Global Impact
- Quaternary Category
- Long-term Consequences