Trade sanctions have limited utility and usually only short-term effect unless very broad and adhered to; financial restrictions tend to be more effective than trade sanctions, as illustrated by South African businessmen who suddenly couldn't get loans in London and faced a deteriorating currency.
causalpending
Speaker
George ShultzEvidence Quote
“the greatest impact actually comes were from financial restrictions rather than trade sanctions”
Created: 6/15/2026, 9:20:22 AM
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