Ideas to Action:

Independent research for global prosperity

Global Development: Views from the Center

Global Development: Views from the Center features posts from Nancy Birdsall and her colleagues at the Center for Global Development about innovative, practical policy responses to poverty and inequality in an ever-more globalized world.

X

Global Development: Views from the Center

Feed

 

Two More Reasons for Preemptive Contract Sanctions in Syria

This piece originally appeared in the Huffington Post on November 27, 2012.

This is a joint post with Owen Barder.

With relentlessly bad news out of Syria, the search continues for what the world can do to put pressure on Assad’s regime and to lay the groundwork for a future, legitimate Syrian government. The case for preemptive contract sanctions is becoming ever more compelling. Under this approach, the United States, United Kingdom, and other members of the Friends of Syria, would declare that new contracts with the Assad regime are illegitimate and that our courts should not enforce them if a legitimate successor government in Syria repudiates them. This could deter new loans and investments in Syria’s oil or other sectors and send a signal to the Assad regime that the economic pressure will not loosen.

Pages