Oil dependence. Falling production. Spiraling economy. Soaring debt. Hyperinflation. These are just some of the aptly-named “grim indicators” that led the Council on Foreign Relations to the conclusion that “Venezuela is the archetype of a failed petrostate.” Despite severe economic woes, the Venezuelan autocrat Nicolás Maduro has maintained his grip on power after claiming victory […]
Tag: sanctions
Saudi Arabia: A Modern Prince’s Unconventional Quest for Power
In an era where world leaders wield Twitter as their political weapon of choice, Saudi Arabia has initiated a sanctions war with Canada–culminating in the complete severing of relations between the two countries–on the basis of a single tweet. On the surface, this appears to be a bizarre overreaction by the Saudi government. Yet, in […]
Sanctions: A Foreign Policy Tool, or a Political One?
In September 2017, The United Nations Security Council placed a new round of sanctions on North Korea, which were deemed the harshest yet. In response to North Korea’s ballistic missile test in November 2017, a newer, tougher round of sanctions was passed. At the time, Nikki Haley, the US ambassador to the UN, claimed, “Today, […]
Whose Allies Are They, Anyway? : North Korea’s Illicit Trade and the Role of China
North Korea. The world’s least free society, behind the world’s most militarized border, with the world’s most threatening nuclear weapons program. Despite a fanatical ideology of self-reliance, juche, Pyongyang maintains selective contacts with the outside world. These contacts are primarily aimed at maintaining the stability of the North Korean economy, and they have generally been […]
The North Korean Nuclear Crisis: Where to Go From Here
On September 15th, North Korea fired an intercontinental ballistic missile over the Japanese island of Hokkaido for the second time in the span of three weeks. This provocative launch comes just four days after the U.N. Security Council’s unanimous adoption of new U.S.-drafted sanctions on North Korea. Despite the new sanctions’ unprecedented severity and the […]
Nothing is Fair, Sanctions or War
At the ripe age of 12, most American kids are concerned with making friends at school or convincing their parents to let them see R rated movies. When Joseph Kim was 12, he was solely concerned with survival. Joseph grew up at the height of North Korea’s decades’ long drought in the 1990s. Before even making […]
The Deal of the Decade
Many thought this day would never come. In an interesting turn of events, negotiations between the United States and Iran over a developing nuclear deal are currently underway. Secretary of State John Kerry has led negotiations with Iranian Foreign Minister Mohammad Javad Zarif over a deal in which sanctions on Iran would be lifted on […]
The High Cost of Threats: Sino-Israeli Relations
Say “economic sanctions” and three countries come to mind: Russia, Iran, and North Korea. Sanctions are usually reserved for historically hostile regimes, not long-time allies. Yet Obama administration and other Western European nations are threatening to impose sanctions on Israel, with the assumption that Israel is so dependent on Western markets that it will have […]