Brigitte Granville for PS On Point: The Sanctions Trap

And in a new Big Question, Daron Acemoglu, Jeffrey Frankel, Teresa Ghilarducci, and Anne-Marie Slaughter assess the implications of the US midterms. [View this message in a web browser]( [PS On Point]( NOVEMBER 11, 2022 The response to Russia's war in Ukraine has raised urgent questions about the nature and effectiveness of economic sanctions. While flagrant acts of aggression cannot go unanswered, Western leaders must think carefully about what they hope to achieve, and what outcomes they need to avoid, writes Brigitte Granville, Professor of International Economics and Economic Policy at Queen Mary University of London. [Read more](. While US Republicans may well eke out a narrow majority in the House of Representatives, it was the worst midterm election performance in a generation for a party not in control of the White House. In a new Big Question, we ask Daron Acemoglu, Jeffrey Frankel, Teresa Ghilarducci, and Anne-Marie Slaughter what the election results say about American politics and the likely trajectory of US policy. [Read more](. [The Sanctions Trap]( By Brigitte Granville Forged in the crucible of World War I, modern economic sanctions have long been regarded as tools for preventing shooting wars and deterring international bad actors. But a closer look at the history suggests that such punitive measures amount to war by other means. [Read more]( [PS Big Question: What Do the Midterms Mean?]( [What Do the Midterms Mean?]( with Daron Acemoglu, Jeffrey Frankel, Teresa Ghilarducci, and Anne-Marie Slaughter Though US Republicans performed much worse than expected in this week’s midterm elections, they may yet secure a thin majority in the House of Representatives, with control of the Senate likely to be decided in a runoff in Georgia in December. At a time of deep polarization, soaring inflation, and heightened geopolitical tensions, we asked PS commentators what the election results mean for the US and the world. [Read more]( [PS Longer Reads: The Age of Megathreats]( [The Age of Megathreats]( By Nouriel Roubini For four decades after World War II, climate change and job-displacing artificial intelligence were not on anyone’s mind, and terms like "deglobalization" and "trade war" had no purchase. But now we are entering a new era that will more closely resemble the tumultuous and dark decades between 1914 and 1945. [Read more]( [Subscribe to PS Premium now.]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. Receipt of this newsletter does not guarantee rights to re-publish any of its content. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.