Italians go to the polls on March 4th to elect a new government. Under a new electoral system, the outcome is uncertain. The Global Business and Economics program looks at some key economic indicators that could influence the election.
This edition of our EconoGraphic blog explains the difference between primary and secondary sanctions, outlines how secondary sanctions work, and uses a case study to demonstrate how the United States employs secondary sanctions in the real economy.
By Michael Farquharson & Alvaro Morales Salto-Weis
The region of Catalonia will hold critical elections on December 21. The stakes are high: the region unilaterally declared its independence on October 1 and subsequently saw the rule of its regional government suspended by Madrid’s central government pursuant to Article 155 of the Spanish constitution.
On October 3, 2017, the Atlantic Council hosted a conference with experts from the public and private sector to discuss the impact of Brexit on economic sanctions policymaking. The United Kingdom (UK) currently plays a considerable role crafting and implementing sanctions policy in the European Union (EU). Transatlantic cooperation and sanctions alignment are vital to ensure the effectiveness of this essential foreign policy tool.
Infrastructure investment stimulates economic growth. According to McKinsey & Company, an increase in infrastructure investment equal to 1 percent of gross domestic product (GDP) would convert into an additional 1.5 million direct and indirect jobs in the United States. America’s infrastructure is in a state of disrepair. The American Society of Civil Engineers scored the country’s infrastructure a collective “D+” in 2017.
On August 2, 2017, US President Donald J. Trump signed into law H.R.3364, a new set of economic sanctions aimed primarily on Russia (with additional measures adopted against Iran and North Korea). Essential to the success of any sanctions regime is its alignment. As defined by John Forrer in an upcoming paper, economic sanctions are aligned when they “inflict a prescribed amount of economic loss… at a level to achieve the identified foreign policy goal(s) with the least amount of unwanted harm.”
Welcome to EconoGraphics, the Atlantic Council's timely take on important issues pertaining to the global economy. A project of the Council's Global Business and Economics Program, EconoGraphics aims to present complex economic and political ideas visually in a simple and intuitive fashion.