In Consideration of Economic Sanctions

Lauren Ralph
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Lauren Ralph: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 131, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: Economic sanctions have been an enduring and widespread policy tool, seeking to extract concessions from target countries by causing them economic pain. Due to their popularity amongst politicians, sanctions have attracted a breadth of research regarding their effectiveness and the potential consequences of utilization. This paper reviews the literature and presents over thirty researchers' thoughts on numerous aspects of economic sanctions. Topics include how to define a successful sanction, the various success rates of sanctions, the factors influencing the success of a sanction, and the reasons policymakers continue to use sanctions. Finally, the review examines contemporary dialogue on sanctions from U.S. politicians, which generally confirms the theories that sanctions are meant to signal values to the international community, punish those who violate norms and deter future negative action.

Keywords: economic sanctions; foreign policy (search for similar items in EconPapers)
Pages: 43 pages
Date: 2019-01
New Economics Papers: this item is included in nep-hpe
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:jhisae:0131

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