Learning from the failure of sanctions to deter Russian aggression in Ukraine will be vital in efforts to deter future conflicts. While it is impossible to correct mistakes that have already been made, Russia is far from the only power willing to exert force in pursuit of its territorial claims.
Beijing continues to conduct exercises testing the capabilities for an invasion of Taiwan, with increasingly aggressive rhetoric paired with missile launches and live-fire drills. It would be deeply unwise to take the current 'peace' for granted. While efforts are already underway to provide Taiwan with military aid, Western countries also need to consider the role economic measures will play.
The latest paper from the Henry Jackson Society sets out lessons from the failure of sanctions to deter aggression in Ukraine and their success in inflicting economic hardship, and identifies ways to improve the efficacy of sanctions in the event of conflict with China. The report calls on Western policymakers to be credible and clear in their commitments, invest in preparation for disruption where those commitments are made, and find ways to spread the burden across members of the alliance.
The Henry Jackson Society is delighted to invite you to an event discussing how the West can best use economic statecraft to deter Chinese aggression.