How have unilateral U.S. sanctions changed the rules of financial capitalism, accelerated deglobalization, and even perpetuated crises? In their article “Viral Governance: How Unilateral U.S. Sanctions Changed the Rules of Financial Capitalism, Grégoire Mallard and Jin Sun argue that sanctions are not only having economic effects on sanctioned countries but are rewriting the global rules of global financial capitalism.
In light of the article’s creative engagement with world systems theory to depict significant shifts in how hegemony functions today, it received the 2023 Best Article Award from the ASA’s Political Economy of the World-System section. Recognized as contributing to the field of Economic Sociology, the article also received an Honorable Mention from the 2023 Granovetter Award Committee.