Uploaded July 2026 | Updated September 2026, 3 weeks ago
Why do sanctions so often fail to deliver the outcomes Washington wants? Phil Luck argues that both economists and policymakers get economic statecraft wrong, economists treat it as an economic tool when it is really political, and policymakers overrate coercion when aligned incentives are far more durable. Jon Alterman draws out the underappreciated implication: using economic power well requires empathy.
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Why do sanctions so often fail to deliver the outcomes Washington wants? Phil Luck argues that both economists and policymakers get economic statecraft wrong, economists treat it as an economic tool when it is really political, and policymakers overrate coercion when aligned incentives are far more durable. Jon Alterman draws out the underappreciated implication: using economic power well requires empathy.
---------------------------------------------
A nonpartisan institution, CSIS is the top national security think tank in the world.
Visit csis.org to find more of our work as we bring bipartisan solutions to the world's greatest challenges.
Want to see more videos and virtual events? Subscribe to this channel and turn on notifications: https://cs.is/2dCfTve
Follow CSIS on:
• Twitter: twitter.com/csis
• Facebook: facebook.com/CSIS.org
• Instagram: instagram.com/csis
