Original Source: Journal of International Relations
Established in 2013 and sponsored by the Shanghai Academy of Social Sciences, this bimonthly journal publishes academic research on foreign policy, international relations theory and global affairs.
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The Weaponization of Global Financial Public Goods and Its Formation Mechanism
全球金融公共品的武器化及其形成机制
Zhou Yu, a researcher at the Shanghai Academy of Social Sciences, suggests the U.S. will increasingly resort to financial sanctions to pursue its geopolitical goals. Frequent and large-scale deployment of sanctions, Zhou argues, will ultimately undermine their effectiveness by encouraging other states to reduce their dependence on global financial public goods controlled by the U.S., and by dampening enthusiasm for sanctions among other Western powers, which the U.S. relies on to make its actions effective.