ECONOMIC SANCTIONS REVISITED: ADDITIONAL INSIGHTS INTO WHY THEY FAIL

Charles A. Rarick and Thaung Han

Economic Affairs, 2010, vol. 30, issue 2, 68-70

Abstract: Economic sanctions have a poor track record in achieving their objectives. In most cases, they are ineffective in bringing about policy change, cause increased suffering in the sanctioned country and reduce opportunities for business. This paper provides additional insights into why sanctions fail by examining two overlooked factors: power–dependency theory and pressure for political stability.

Date: 2010
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