The Key to the North Korean Targeted Sanctions Puzzle

"At no point in the history of U.S. nonproliferation and counterproliferation policy have financial sanctions been so central to U.S. efforts to prevent or rollback the acquisition of nuclear weapons in countries such as North Korea and Iran. Despite this crucial role, financial sanctions have been examined almost solely from the sender’s perspective, that is, the country imposing the sanctions. Few focused policy analyses have measured the effects of these instruments from the target’s perspective..."