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Ken Heydon: “The Trade Weapon: How Weaponizing Trade Threatens Growth, Public Health and the Climate Transition”
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Ken Heydon is a former Australian government trade official and senior member of the OECD Secretariat and a Visiting Fellow at the London School of Economics. His latest book is “The Trade Weapon: How Weaponizing Trade Threatens Growth, Public Health and the Climate Transition”. His earlier works include “The Rise of Bilateralism” and “The Ashgate Research Companion to International Trade Policy.” Trade weaponization usually involves governments in exports and exports and are measures that are applied in a unilateral approach. Generally speaking, sanctions do not work. However, to be more successful, keep the sanctions (stick), but have a carrot accompany the stick. Singapore and Malaysia are cooperating in an exciting project that will see a hydropower project in Borneo, run by Sarawak Energy that exports power to Singapore by submarine cable. The US has had various sanctions against North Korea, Iran and Cuba, for example, that have not achieved their goals.
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