Are Sanctions for Losers?
Les sanctions sont-elles destinées aux perdants ?
Fabio Ashtar Telarico ()
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Fabio Ashtar Telarico: University of Ljubljana
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Abstract:
Studies built on dependency and world-system theory using network approaches have showed that international trade is structured into clusters of 'core'; and 'peripheral'; countries performing distinct functions. However, few have used these methods to investigate how sanctions affect the position of the countries involved in the capitalist world-economy. Yet, this topic has acquired pressing relevance due to the emergence of economic warfare as a key geopolitical weapon since the 1950s. And even more so in light of the preeminent role that sanctions have played in the US and their allies' response to the Russian-Ukrainian war. Applying several clustering techniques designed for complex and temporal networks, this paper shows that a shift in the pattern of commerce away from sanctioning countries and towards neutral/friendly ones. Additionally, there are suggestions that these shifts may lead to the creation of an alternative 'core' that interacts with the world-economy's periphery bypassing traditional 'core' countries such as EU member States and the US.
Keywords: International trade; Dynamic networks; Blockmodeling; Russia; Iran; World-system theory; Sanctions (search for similar items in EconPapers)
Date: 2023-09
New Economics Papers: this item is included in nep-cis, nep-int and nep-net
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Published in Novi Ekonomist, 2023, 17 (1), pp.4-11. ⟨10.7251/NOEEN2333004T⟩
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04238902
DOI: 10.7251/NOEEN2333004T
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